A gratuity calculator helps employees calculate end-of-service benefits based on their last drawn salary and total years of service. This tool is widely used in private sector jobs to estimate final settlement amounts.
Formula:
Gratuity = (Last Basic Salary ÷ 26) × 30 × Years of Service
This formula assumes 26 working days in a month and 30 days salary benefit per year.
If salary is 50,000 and service is 6 years 7 months:
This tool saves time and ensures accurate calculation of gratuity benefits. It is helpful for employees leaving jobs or planning retirement.
Gratuity is a financial benefit given to employees at the end of their service. It is commonly used in private organizations and is based on salary and tenure.
The purpose of gratuity is to reward employees for long-term service. It is an important part of financial planning and retirement benefits.
Employees should understand how gratuity is calculated to ensure transparency and avoid disputes during final settlements.
This calculator provides instant results and helps employees estimate their final gratuity amount without complex manual calculations.
Gratuity is end-of-service benefit paid by employer.
Based on salary and years of service.
Depends on company policy and labor laws.
Yes, completely free online.