Gratuity Calculator
Estimates gratuity under the Payment of Gratuity Act: 15 days’ wages for each completed year of service, using the 15/26 convention, capped at the statutory limit.
Calculator Universe is published by SmartAI Labs. The panel above is the interactive Gratuity Calculator; the rest of this page is ordinary HTML so you can read how the tool works without waiting for the app to boot.
How the Gratuity Calculator works
Estimates gratuity under the Payment of Gratuity Act: 15 days’ wages for each completed year of service, using the 15/26 convention, capped at the statutory limit.
Formula / method. Gratuity = (last drawn wage × 15/26) × years of service, then min(result, statutory cap).
When to use it. Use it near resignation or retirement. Employer schemes that are more generous than the Act should be read from the appointment letter.
How to run a comparison
- Open Gratuity Calculator from Home search, the Finance Studio hub, or this URL.
- Copy amounts, rates or dates from a document you already have — not a round marketing figure.
- Read the headline result and any breakdown (schedule, slabs, or intermediate rows).
- Change one input at a time so you can see what actually moves the answer.
- Cross-check with a related calculator below, then confirm statutory rates before you act.
Nothing you type is uploaded for server-side processing. Save or screenshot an output if you need it later; we do not keep a server-side history.
Notes and assumptions
‘Wage’ is basic + DA as the Act uses it. Forfeiture and rounding of part-years follow the encoded rule, not every standing order.
Results are estimates for education and planning only. They are not financial, tax, medical, or legal advice. Slabs, scheme rates and product terms change; verify against official notifications or a qualified professional before acting.
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