Gratuity payable after 10 years of service
₹2,88,461.54
Formula: last drawn salary × 15 × years of service ÷ 26 (capped at ₹20,00,000.00)
Service of more than 6 months in the final year is rounded up to a full year under the Payment of Gratuity Act, 1972. Gratuity up to ₹20,00,000.00 is tax-exempt for private-sector employees.
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