Gratuity for ₹20,000/Month Basic Salary After 5 Years
Calculate the gratuity payout for a ₹20,000/month basic salary after 5 years of service under the Payment of Gratuity Act, 1972.
With a last drawn monthly basic salary of ₹20,000 and 5 years of service, your gratuity entitlement is ₹57,692. The full amount is tax-free under Section 10(10) of the Income Tax Act.
- Last drawn monthly basic
- ₹20,000
- Years of service
- 5 years
Gratuity Amount
5 yrs service₹57,
tax-free under Section 10(10)
Monthly basic salary
₹20,
Years of service
5 years
Formula
15/26 rule
Tax-free limit
₹20 Lakhs
₹20,00,000
Related questions
Inflation Calculator
See how inflation can erode the value of your money over time.
Compound Interest Calculator
Calculate how your money compounds over time at a given interest rate.
Simple Interest Calculator
Quickly work out interest earned or owed using the simple interest formula.
ROI Calculator
Calculate the return on any investment as an absolute and annualised percentage.
Gratuity = (Last Drawn Salary x 15 x Years of Service) / 26. Tax-free up to ₹20,00,000 under Section 10(10) of the Income Tax Act. Applicable under the Payment of Gratuity Act, 1972 for establishments with 10 or more employees.