What gratuity is payable at retirement after 35 years on ₹1,50,000 salary?
Based on these numbers, the gratuity payable works out to about ₹30,28,846.
What is a gratuity calculator?
Under the Payment of Gratuity Act, gratuity is calculated as (15 × last drawn monthly salary × years of service) / 26, applicable to organizations covered under the Act.