ग्रेच्युटी Formula Explained — How It's Calculated
ग्रेच्युटी = (Last drawn वेतन × 15 × वर्ष of service) ÷ 26. "वेतन" means basic + DA only. "15" represents 15 days of वेतन. "26" is the working days in a month. Example: ₹60K × 15 × 8 ÷ 26 = ₹2,76,923.
Basic + Dearness Allowance only
Gratuity Amount
₹3,69,231
Tax-Free Amount
₹3,69,231
Up to ₹20L tax-free under Section 10(10)
Formula: (Last Salary × 15 × Years) ÷ 26. Capped at ₹20 lakh for employees covered under the Payment of Gratuity Act, 1972.
Weekly Indian rate update
RBI repo, top FD rates, tax deadlines. Free. No spam.
Calculated with CalcCrack