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Fileraz
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Fileraz
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Finance & Money Calculator
Illustrative math, reviewed October 2026 — not financial, tax, or legal advice. Verify rates and slabs before you sign or file.
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Gratuity is estimated as last-drawn monthly salary × 15 ÷ 26 × years of service — the common formula for employees covered by the Payment of Gratuity Act, where 26 stands in for working days in a month and 15 days' pay accrues per completed year. At ₹60,000 a month with 5 years of service, that is 60,000 × 15 ÷ 26 × 5 ≈ ₹1,73,077, or about ₹34,615 per year of service.
Enter monthly basic plus dearness allowance — not CTC, which inflates the figure — and completed years of service. Then sanity-check the two things the formula cannot: whether you meet the usual five-year continuous-service eligibility, and whether the statutory tax-free ceiling caps your payout. Both vary by employer interpretation, so confirm with HR before treating the number as an entitlement.
It does not verify the five-year eligibility, apply the statutory tax-free ceiling, or settle how part-years round — employers interpret the final year differently, so confirm with HR.
Illustrative math only — not financial advice or a bank quote.
Tax and statutory rules change; verify with a professional.
Uses common 15/26 formula — employer rules may differ.
Usually basic plus dearness allowance for covered employees. Enter that figure, not your full CTC, for a realistic estimate.
Rounding of service beyond six months varies by employer and interpretation, so confirm how your organisation counts the final year.
Up to the statutory ceiling it is typically exempt for covered employees; amounts above it are taxable. The ceiling and your coverage determine the split — confirm with HR or a CA.
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