Sigma Tech India · Banking

Gratuity, computed to the Act.

Payment of Gratuity Act, 1972. Last drawn basic + DA × 15 / 26 × completed years of service. Tax-exempt up to ₹20 lakh under Section 10(10).

01 Service Details

Minimum five years' service required (waived on death or disablement).

Last Drawn Basic + DAmonthly
₹
Years Served
yr
Months≥6 rounds up
mo
Employee Nameprints on PDF · optional

02 Gratuity Payable

Tax exemption capped at ₹20 lakh.

Gratuity Payable
₹0
— years of service
Tax Exempt Portion
₹0
Section 10(10)
Taxable Portion
₹0
If exceeds ₹20 lakh

Computation

ParticularsValueNote
Last Drawn Basic + DA—monthly
Years of Service Counted——
Formula Applied——
Gratuity Amount——
Tax-Exempt Cap₹20,00,000Section 10(10)
Death-in-service or disablement: 5-year minimum waived. Tax cap may differ for govt employees. — sigmatechind.com
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Banking Toolkit · Gratuity
Engineered in India · sigmatechind.com
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Gratuity · Payment of Gratuity Act, 1972

Gratuity Computation Statement

Prepared for valued employee.

Gratuity Payable
₹0
Tax Exempt
₹0
Taxable
₹0

Computation

Rule. For employees covered by the Payment of Gratuity Act, gratuity is (Basic + DA) × 15/26 × completed years of service (period ≥ 6 months counts as a full year). For employees not covered by the Act, the formula is (Basic + DA) × 15/30 × completed years. Tax exemption under Section 10(10) of the Income Tax Act is capped at ₹20 lakh per employee in a lifetime.
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