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Five completed years unlock statutory gratuity. The formula pays fifteen days of last drawn salary for each year served.
This follows the Payment of Gratuity Act formula. The law caps the payout at twenty lakh rupees. Some employers pay more through their own policy.
Type last drawn basic plus DA, joining date, and leaving date.
Five completed years of continuous service unlock statutory gratuity.
See completed years, the formula amount, and the capped payout.
gratuity = (15 ÷ 26) × last monthly salary × completed yearsSalary means basic pay plus dearness allowance. The law caps the payout at ₹20,00,000.
Know the exact number before your notice meeting.
Weigh a switch against gratuity you would leave behind.
Verify full-and-final sheets against the Act.
Explain the payout with a worked figure.
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