Gratuity Calculator
The Gratuity Calculator provided on paydoz.com is for informational purposes only. While we strive to ensure accuracy, it is advised to verify the results with official sources or consult a financial advisor. The calculations are based on general gratuity rules and may not account for specific regulations or exceptions. Paydoz.com is not liable for any discrepancies or issues arising from the use of this tool.
What is Gratuity?
Gratuity is a monetary benefit given to employees by their employers as a reward for their services. It is typically paid when an employee retires, resigns, or leaves the organization after completing a specified number of years.
How the Gratuity Calculator Works
This calculator estimates your gratuity based on your last drawn salary and years of service. Input your salary and service duration to get an estimated gratuity amount.
Key Features of the Gratuity Calculator
- Simple and user-friendly interface.
- Instant calculations based on your inputs.
- Clear breakdown of the gratuity amount.
- Helpful for planning retirement finances.
How to Use the Gratuity Calculator
Understanding the Results
After clicking 'Calculate', you will see the following results:
- Total Gratuity Amount: The calculated gratuity based on the provided inputs.
- The calculation is based on the formula: (Last Salary × Years of Service × 15) / 26.