Gratuity Calculator
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Features Explained:
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Inputs:
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Basic Salary: Enter the monthly basic salary.
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Years of Service: Enter the total number of completed years of service.
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Organization Type: Choose between "Government" and "Private" organization types, as the gratuity formula may differ.
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Calculation Formula:
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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:
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Government formula:
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(BasicSalary×YearsofService×15)/30
Private formula:
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(BasicSalary×YearsofService×26)/30
Result:
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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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