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Gratuity Calculator

Gratuity Calculator

What gratuity payout have you earned?

₹
Years Months Days
%
Gratuity payable
0
after the statutory cap
Uncapped formula result
0
15/26 × salary × years
Years counted
0
part years above 6 months round up
Tax-free portion
₹0
exempt under §10(10), up to ₹20L lifetime
In-hand after tax
₹0
Tax-free vs taxable

Uses the standard Payment of Gratuity Act formula (15/26 × last drawn Basic+DA × completed years of service) that applies to most employees covered by the Act, capped at the current statutory limit of ₹20 lakh — this cap has changed before and may change again, so treat the capped figure as current-rules-only. A different formula applies if your employer is not covered by the Act; check your organisations policy.

Tax: for private-sector employees covered by the Act, gratuity is exempt under §10(10) up to the least of the actual amount received, the 15/26 formula figure, and ₹20 lakh — and the ₹20L is a lifetime limit across all employers, so exemption already used at an earlier job reduces what's left. Anything above the exempt portion is added to your salary income and taxed at your slab (that's what the in-hand card estimates). Government employees' gratuity is fully exempt with no monetary ceiling. Both regimes honour this exemption.

What to work out next

Retirement Corpus Calculator

Find the corpus you need to retire on your terms.

NPS Calculator

Corpus, tax-free lump sum, and the pension after tax and inflation.

SWP Calculator

See how long a withdrawal plan makes your corpus last.

EPF Calculator

Project your provident fund at retirement.

Inflation Calculator

See what today's rupee is worth years from now.

SCSS Calculator

Estimate quarterly interest from a Senior Citizens Savings account.

Frequently asked questions

How much do I actually need to retire comfortably?

It depends on your expected post-retirement expenses, life expectancy, and inflation between now and then -- there's no single universal number. A common starting approach is estimating your annual expenses in today's money, inflating them to your retirement year, and sizing a corpus that can sustain withdrawals for your expected retirement length.Read more: Gratuity Calculator: Your Payout for Years of Service

What's the difference between EPF, PPF, and NPS?

EPF is employer-linked, mandatory for many salaried employees, with employer matching. PPF is a voluntary, government-backed 15-year scheme open to anyone. NPS is a market-linked retirement account with its own tax benefits (including an extra deduction under 80CCD(1B)) and a mandatory annuity portion at exit. Many people use more than one together.Read more: Your “Safe” Government Scheme Has a Stock Market Bet Built In

When should I start planning for retirement?

As early as possible -- the effect of compounding over a longer time horizon typically matters more than the exact monthly amount you invest. Starting in your 20s versus your 40s can mean needing a dramatically smaller monthly contribution to reach the same retirement corpus.Read more: PMVVY’s Locked 7.4% Rate Is Gone — What Retirees Are Left With Instead

How does inflation affect my retirement corpus?

Inflation erodes purchasing power every year between now and retirement, and continues to erode it throughout retirement itself. A corpus that looks large in today's terms can fall well short in real terms decades from now -- which is why this calculator shows results in both nominal and inflation-adjusted, "today's money" terms.Read more: Your “Guaranteed” EPF Has Rs 2.34 Lakh Crore Sitting in the Stock Market

Estimates only, not financial advice. See our Disclaimer.