What is Gratuity in Govt Service in India?: Gratuity is a financial benefit paid by the Government to its employees while retiring from service. The minimum service completion for eligibility to admissible retirement gratuity is five years. Retirement gratuity is granted a maximum up to of 20 lakh.
Retirement Gratuity Calculator 2021
We have created a simple online free tool for finding the bulk amount of Retirement Grauity (Supperannuation) and provided below for your convienience. The tool will calculate the approximate amount of Retirement Grauituy on the basis of your inputs. Please write your comments about the tool in the comments section.
Gratuity Calculator for Central Government Employees after 7th Pay Commission
Gratuity Calculator Formula 2021
Retirement Gratuity = [ (Basic Pay + Dearness Allowance) x 15 days x Number of years of service ] / 26
How to Check Gratuity Calculator:
Enter Your Basic Salary with Pay Matrix Level with Qualifying Service. However the maximum qualifying service to be taken on account as 33 years.