The gratuity level of the Central government employees have already been raised by the Sixth Pay Commission recommendation.

Gratuity in India is a payment done for the past services of the calculation of pension for central government employees by the employer when employee retire or resign from the company. This payment also given to gratuity employee legal heir in the event of death. It is payable for fifteen days per year for a period the employee has worked in the organization. An employee does not share any portion of his salary towards this amount.

The calculation of gratuity payment is payable to any employee only after the end of 5 years of continuous service in the organization. After the completion of five years, if an employee working more than 6 months treats as 1 year.

Gratuity calculation formula brankers in xls: This gratuity calculation xls formula will guide you estimate how much gratuity you will get when you retire.

This is covered under the Payment of Gratuity Act, 1971: (Last drawn monthly basic salary + dearness allowance) / 26 x 15 days x number of years of service (date of joining – date of retirement/leaving job)