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HOW TO CALCULATE GRATUITY Monthly salary when you quit Rs1 lakh Number of years in the company: 10 years Formula: (Monthly salary/26)x15x10 Maximum you get as gratuity: Rs3.5 lakh* Rs5.76 lakh** You may get Gratuity amount: (100000/26) x 15 x 10 = Rs5.76 lakh WHAT YOU GET 0 1 2 3 4 5 6 7 8 9 10 lakh limit *The current limit under the payment of gratuity Act **If the proposal to hike the maximum limit of gratuity is extended to Rs10 lakh

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HOW TO CALCULATE GRATUITYMonthly salary when you quit

Rs1 lakh

Number of years in the company:

10 years

Formula: (Monthly salary/26)x15x10

Maximum you get as gratuity: Rs3.5 lakh* Rs5.76 lakh** You may get

Gratuity amount: (100000/26) x 15 x 10 = Rs5.76 lakh

WHAT YOU GET0 1 2 3 4 5 6 7 8 9 10 lakh

limit

*The current limit under the payment of gratuity Act **If the proposal to hike the maximum limit of gratuity is extended to Rs10 lakh

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