Navi Calculator Gratuity calculator
Monthly Salary (Basic + DA)
Years Of Service
Total Gratuity Payable
A gratuity calculator assists you in determining how much gratuity you are entitled to. This projected sum might help you plan ahead of time for financial goals such as retirement or other large expenses in the long term.
Navi’s gratuity calculator carries a user-friendly design and is extremely easy to use. All you have to do is enter the basic salary, dearness allowance and the number of years you have worked for a company. The online calculator will give you the gratuity details in a few seconds.
The gratuity calculator takes into account your last drawn monthly salary, which includes any dearness allowance (DA) and the number of years you have been in service (including months). Navi’s Gratuity Calculator is straightforward to use and has a user-friendly interface.
Here’s how to use the gratuity calculator:
Using the slider, enter the basic salary and, if applicable, the dearness allowance
Type in the years you have worked for the company
The gratuity can be calculated using one of two formulas:
1. Employees covered by the Payment of Gratuity Act
Gratuity (G) = n*b*15/26,
where n = duration of employment, b = basic salary + dearness allowance.
For example, you have worked at a company for ten years. Your most current basic salary plus dearness allowance was ₹40,000.
The gratuity amount is = 10*40000*15/26 = ₹2,30,767 (approx).
2. Employees not covered by the Payment of Gratuity Act
Gratuity (G) = n*b*15/30,
where n = duration of employment, b = basic salary + dearness allowance.
For instance, if you have worked at a company for ten years. Your most current basic salary plus dearness allowance was ₹30,000.
The gratuity amount will be 10*30000*15/30 = ₹1,50,000.
Our gratuity calculator is simple to use and understand
Our gratuity calculator saves you time as you do not have to calculate the gratuity value manually, thus eliminating human error
The calculator also assists you with long-term financial planning as you already know the gratuity amount
The organisation may reject an employee on the following basis:
The following gratuity formula can be used to determine the gratuity amount manually:
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Jan 22
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Feb 18
Tax-saver FDs are fixed deposits that offer tax deductions through Section 80C of the Income Tax Act.