Free Financial & Legal Suite
LAWLINE Smart Calculators
Automated statutory tax, loan interest, retirement corpus, and business setup estimates compliant with Indian laws.
Gratuity Calculation (Payment of Gratuity Act, 1972)
Years of Continuous Service7 Years
Statutory eligibility requires minimum 5 continuous years of service in an establishment with 10+ employees.
Statutory Gratuity Benefit
Applicable Formula:(15 × Basic × Years) ÷ 26
Tax Exemption Limit:Up to ₹20,00,000
Total Gratuity Payable:₹1,81,731