Wednesday, October 30, 2024

Gratuity Calculatior

Gratuity Calculator

Gratuity Calculator

///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Features Explained: ............................................................................................................................................................................ Inputs: ............................................................................................................................................................................ Basic Salary: Enter the monthly basic salary. ............................................................................................................................................................................ Years of Service: Enter the total number of completed years of service. ............................................................................................................................................................................ Organization Type: Choose between "Government" and "Private" organization types, as the gratuity formula may differ. ............................................................................................................................................................................ Calculation Formula: ............................................................................................................................................................................ Gratuity Rate: For simplicity, the calculator applies a rate of 15 days for government employees and 26 days for private employees, based on the respective gratuity formulas: ............................................................................................................................................................................ Government formula: ............................................................................................................................................................................ (BasicSalary×YearsofService×15)/30 Private formula: ............................................................................................................................................................................ (BasicSalary×YearsofService×26)/30 Result: ............................................................................................................................................................................ Clicking “Calculate Gratuity” will display the Estimated Gratuity Amount in the result section, making it easy to understand the calculated gratuity payout.

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