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Last modified / updated Jan. 01, 2016

Payment of Gratuity Under Gratuity Act, 1972 and
Bipartite Settlement / OSR In Banks after 10BPS

You can Calculate here Gratuity payable under Gratuity Act, 1972 & BPS / OSR

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Gratuity in the Banks is payable to employees and officers both under the Gratuity Act, 1972 as well as under the provisions of our Bipartite Settlement for employees and as per OSR for officers whichever is higher.

(other than in SBI where Gratuity is paid only under the Act with a ceiling of Rs. 10 lacs)

Eligibility :

Eligible Amount:

The higher of the two in (a) i.e. Gratuity as per Act or (b) i.e. Gratuity as per OSR / BPS will be paid.

Gratuity Paid upto Rs. 10.00 lakhs is exempt from income tax under sec 10(10).

Click Here to know Your Revised Pay Vs. Pre-Revised Pay - Stage Wise w.e.f. 01.11.2012 as per Joint Note / Wage Settlement Dated 25.05.15

PAYMENT OF GRATUITY on salary revision from 1.11.2012