Are you aware of your gratuity eligibility?
Spend a few moments with Sperso Filings and calculate your gratuity instantly with our free online Gratuity Calculator.
Using the Gratuity Calculator by Sperso Filings, employees can quickly estimate their gratuity amount based on their last drawn salary and years of service. This simple tool helps in planning for retirement and understanding long-term financial benefits. With over 70% of employees considering gratuity while evaluating job offers, it's a key part of financial awareness and job satisfaction. Start planning your future today with Sperso Filings – accurate, easy, and completely free.
A Gratuity Calculator by Sperso Filings helps you estimate the lump sum amount you’re entitled to receive from your employer as a reward for long-term service. Typically, employees become eligible for gratuity after completing at least five years of continuous service.
Gratuity Calculation Formula:
Gratuity = (Last Drawn Salary × 15 × Years of Service) / 26
Note: The actual amount may vary depending on your employer’s policy or company structure.
The Gratuity Calculator by Sperso Filings makes it easy to estimate your gratuity amount without doing complex manual calculations. It’s especially helpful for first-time users who may find salary components, service years, and legal rules a bit confusing.
When is it Most Useful?
Start using the Sperso Gratuity Calculator today and take control of your financial future!
How Does the Gratuity Calculator Work?
At Sperso Filings, we use the standard formula to calculate your gratuity:
Gratuity = (Last Drawn Salary × 15 × Years of Service) / 26
Breakdown of the Formula:
Example:
If your last drawn salary is ₹50,000 and you’ve worked for 10 years and 7 months, your service period is rounded up to 11 years.
Calculation:
Gratuity = (50,000 × 15 × 11) / 26
Gratuity = (50,000 × 165) / 26
Gratuity = 82,50,000 / 26
Gratuity = ₹3,17,307
A: If the employee has completed more than 6 months in the final year, it is rounded up to the next full year. For example, 10 years and 7 months will be counted as 11 years in the calculation.
A: While private sector calculations follow the Payment of Gratuity Act, 1972, gratuity for government employees may follow different service rules and often includes pensionable components. Sperso Filings’ calculator is designed primarily for private-sector applicability.
A: For employees with variable pay, the calculator typically considers the average of the basic salary and dearness allowance over the last few months (usually 3 to 6) to ensure accuracy.
A: Government employees' gratuity is often based on their pensionable salary, which includes basic pay and other admissible allowances. The calculator factors in these components based on government norms if selected.
A: Bonuses and most allowances are not considered in gratuity calculations. Only the basic salary and dearness allowance (DA) are included, as per the law.
A: Yes. Sperso Filings' Gratuity Calculator is aligned with the Payment of Gratuity Act, 1972, ensuring compliance with the latest legal framework and gratuity rules in India.