Gratuity Calculator for Central Govt. Emp.
NPS - 1 Features / Taxability & Tax Treatment on withdrawal 2 Partial Withdrawal Norms
NPS Calculator 1. For Employees 2. All citizens ModelGratuity in the Banks is payable to employees and officers both under the Gratuity Act, 1972 (Max. Rs. 20 lacs revised from Rs. 10.00) and under the provisions of Bipartite Settlement for employees and as per OSR for officers whichever is higher.
On retirement on superannuation |
On resignation after 5 years' service |
On disablement |
On death of an employee |
15 Days wage x No. of years of service ( Max. Rs. 20 lacs revised from Rs. 10.00)
Wage means last drawn Basic pay, Spl. Pay*, Spl. Allowance*, Offg. Pay*, PQP, DA, Increment portion of FPP.
1 day = monthly wage/26 days
* (only that portion which ranks for superannuation benefits in case of workmen employees) |