Gratuity Calculator
Employees of a private company that provided EPF (Employees Provident Fund) facilities is qualified to receive an amount as gratuity after completence of 5 years of service. But, an employee is also eligible to get the gratuity before five years in case he/she gets injured or are disabled in any accident or due to any disease/sickness. We provideyou with a free gratuity calculator which you can useto calculate the amount your organization owes you. All gratuity payments are looked after by the laws under the Payment of Gratuity Act 1972.
If you are qualified for payment of gratuity then you must first check how much amount you are eligible for. In that case our online gratuity calculator will help you.
Gratuity Calculation Formula
There is an standardize formula that is followed by the Online Gratuity Calculator:
G = n*b*15/26
Here,
|
N/n |
Number of years you worked in a particular organisation |
|
B/b |
Basic salary plus DA (Dearness Allowance) |
|
G |
Gratuity amount |
How can a Online Gratuity Calculator Help You?
You are qualified to receive the gratuity amount offered, under the Payment of Gratuity Act of 1972 –
- You are near the age of pension.
- You have completed 5 years of work in a particular organisation.
- You lack any other full-time employer.
In this case, a online gratuity calculatorin India is useful as –
- It helps you to find out the precise amount.
- It saves your valuable time and also other resources.
- You can get access to this calculator from any place and at any time.
- It benefits you in long-term financial planning.
How to Use the Online Gratuity Calculator?
Follow these steps to use the online gratuity calculator:
- Enter all required details about your employment history.
- Input the basic pay + (DA)Dearness Allowance value and you will get the gratuity value in seconds.
Advantages of Using the online Gratuity Calculator
Our website provides you with the most innovatory tools in the market. Here are some of the reasons why our Gratuity Calculator is beneficial for you:
- Your data is secure with us. Our servers are safe for your use.
- Our calculator is simple and easy to operate and you do not need any expert to use it.
- Online Gratuity Calculator is error-free. Our product can be highly truste.