🇮🇳 Employee Benefits Calculator
Gratuity + Leave
Encashment Calculator
Calculate your gratuity entitlement and leave encashment amount with tax exemptions under Indian law.
🏆 Gratuity Calculator (Payment of Gratuity Act)
₹
Gratuity Amount
₹0
Tax Exempt Up To
₹20L
Taxable Gratuity
₹0
📅 Leave Encashment Calculator
₹
Leave Encashment
₹0
Tax Exemption
₹0
Taxable Amount
₹0
Gratuity & Leave Encashment:Your Rights
Gratuity is a statutory benefit payable to employees who have completed at least 5 years of continuous service. The Payment of Gratuity Act, 1972 governs this benefit for establishments with 10+ employees. Leave encashment allows employees to receive cash compensation for accumulated earned leaves.
Gratuity Formula
| Employer Type | Formula | Ceiling |
|---|---|---|
| Covered under Gratuity Act | (Last salary × 15 × Years) ÷ 26 | ₹20 lakh |
| Not covered under Act | (Last salary × 15 × Years) ÷ 30 | ₹20 lakh |
Tax Exemption on Gratuity (2024)
| Category | Tax Exemption Limit |
|---|---|
| Government Employees | Fully Exempt (No limit) |
| Private Sector (Covered by Act) | Least of: Actual, Formula amount, ₹20 lakh |
| Private Sector (Not Covered) | Least of: Actual, Half month salary × years, ₹20 lakh |
💡 Note: The tax exemption ceiling on gratuity was increased from ₹10 lakh to ₹20 lakh in 2019. Both government and private sector employees benefit from this enhanced limit.
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