Want to understand the gratuity amount you will receive upon retirement? Now you can do it online, with the Bajaj Broking Gratuity Calculator. It’s a free online tool that helps you quickly figure out the gratuity amount your employer might pay when you leave your job or retire. Just feed in your last drawn salary, tenure, and your employee type, and you’ll get an instant estimated gratuity payout.
Total Gratuity Payable
₹ 0
Are you a salaried employee who may be retiring soon? In that case, you need to know the amount of gratuity that your employer may be paying you when you retire. This will help you plan how to Read more... use those funds optimally. With the Bajaj Broking gratuity calculator, you can easily determine the total gratuity payment you may receive at retirement. Read less
A Gratuity Calculator is basically an online instrument that helps employees estimate the gratuity benefits they are entitled to, under the Payment of Gratuity Act, 1972. When you put in your salary along with tenure, it works out an approximate gratuity amount, so your financial planning becomes a little more straightforward and calm.
Even so, this calculator may not include non-statutory bonuses, or employer-specific perks. It still offers a solid rough estimate, so you can plan your finances, during retirement or any job transition.
Enter your last drawn salary (Basic + Dearness Allowance) .
Add your total years of service with the employer.
Choose your employee category (Covered/Non-Covered under the Act).
Press Calculate.
After that, the calculator will show your estimated gratuity amount right away. You can tweak any entry to see what happens when salary, tenure, or the applicable rules change, and how it affects the final payout.
For Covered Employees: Gratuity = (Last drawn salary × 15 × Number of years worked) ÷ 26
For Non-Covered Employees: Gratuity = (Last drawn salary × 15 × Number of years worked) ÷ 30
In simple words: Multiply your last basic salary plus dearness allowance by 15 and the number of years you’ve worked. Then divide by 26 (for covered) or 30 (for non-covered) to get your gratuity amount. Any partial year of service may be rounded up depending on your employee type.
Last Drawn Salary: Take Basic + DA ( this excludes HRA, bonuses, and special allowances )
Years of Service: use the total completed years only
Employee Type: choose Covered or Non-Covered under the Act
Covered: Any spell of service over 6 months gets counted as one full year
Non-Covered: Only fully completed years will be considered , nothing else
Precision: helps you avoid arithmetic slip ups, rounding errors, or messy day to month conversions
Instant Results: you can check the rough gratuity estimate right away
Tax Planning: you can strategize better because gratuity may be tax exempt up to ₹20 lakhs
Transparency: it also lets you cross check whether your employer’s gratuity matches the statutory norms or not
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Only Basic + DA are used. HRA, bonuses, or special allowances are excluded.
Yes. For Covered Employees, periods above 6 months are rounded up. For Non-Covered Employees, partial years are ignored.
No. The calculator works for both, applying the same statutory formulas.
Five continuous years with an employer.
No. Gratuity is part of your CTC and is an additional benefit.
Yes. The calculator allows input for any employment status; statutory eligibility depends on the employer’s coverage.
The calculator considers rounding logic, and the nominee is eligible under the gratuity rules.
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