Payment of Gratuity Act 1972
Employee Gratuity Payout Calculator
Calculate mandatory statutory employee gratuity payout ($G = \frac{15 \times \text{Last Drawn Salary} \times \text{Tenure}}{26}$) for retail store staff, pharmacists, and managers with 5+ years of continuous service.
Service & Salary Details
₹
>6 months rounds up +1 yr
Gratuity Entitlement
Total Gratuity Payable
₹1,29,231
Calculated for 8 Rounded Years of Service
Eligibility Status (5+ Years):
FULLY ELIGIBLE (7 Yrs 8 Mos)
Income Tax Exemption Limit:
Up to ₹20 Lakhs is 100% Tax-Free
Payment Statutory Window:
Payable within 30 days of resignation / retirement