Gratuity 15/26 formula explained
Monthly-rated employees get (Last drawn wages / 26) × 15 × years of service (rounded if >6 months in final year).
Calculate gratuity with Payment of Gratuity Act rules and labour-code wage base option: 15/26 formula, 5-year condition (death/disablement exception), ₹20 lakh cap.
Educational estimate; verify with payroll/official notifications; not affiliated with EPFO/Govt.
Monthly-rated employees get (Last drawn wages / 26) × 15 × years of service (rounded if >6 months in final year).
Minimum 5 years continuous service unless death or disablement; Accurate mode lets you mark death/disablement.
Exactly 6 months does not round up; more than 6 months rounds up to the next full year.
Deemed continuous if 240 days (or 190 for mines/6-day week) worked in preceding 12 months; set days in Accurate mode.
Use last drawn Basic + DA (excluding bonuses/allowances); piece-rated/seasonal employees differ.
The statutory cap defaults to ₹20 lakh; you can toggle off or edit if employer policy differs.
Educational estimate; verify with payroll or official notifications. Not affiliated with EPFO or Government.
Educational estimate only. Validate with payroll records and official notifications.