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233 - How to calculate retirement gratuity
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233 - How to calculate retirement gratuity
Retirement gratuity is an important benefit for government employees, calculated as per Central Civil Services (Pension) Rules, 2021 or relevant state/organization rules. It is based on the last drawn basic pay, including Dearness Allowance (DA), and the years of service completed. The formula to calculate gratuity is:
Retirement Gratuity = (Basic Pay + DA) × 1/4 × Completed Years of Service × 16
The maximum gratuity amount is capped at ₹20,00,000 for central government employees. Learn the step-by-step process and understand the eligibility criteria to calculate your retirement gratuity effectively.
Keywords:
Retirement gratuity calculation, gratuity formula, how to calculate gratuity, pension rules, basic pay, DA, retirement benefits, gratuity eligibility, gratuity cap, ₹20 lakh gratuity, govt employee retirement, gratuity process.
Hashtags:
#RetirementGratuity #GratuityCalculation #PensionRules #GovtEmployees #RetirementBenefits #GratuityFormula #BasicPay #DearnessAllowance #GovtEmployeeRetirement #GratuityEligibility #GratuityCap #RetirementPlanning
Retirement gratuity is an important benefit for government employees, calculated as per Central Civil Services (Pension) Rules, 2021 or relevant state/organization rules. It is based on the last drawn basic pay, including Dearness Allowance (DA), and the years of service completed. The formula to calculate gratuity is:
Retirement Gratuity = (Basic Pay + DA) × 1/4 × Completed Years of Service × 16
The maximum gratuity amount is capped at ₹20,00,000 for central government employees. Learn the step-by-step process and understand the eligibility criteria to calculate your retirement gratuity effectively.
Keywords:
Retirement gratuity calculation, gratuity formula, how to calculate gratuity, pension rules, basic pay, DA, retirement benefits, gratuity eligibility, gratuity cap, ₹20 lakh gratuity, govt employee retirement, gratuity process.
Hashtags:
#RetirementGratuity #GratuityCalculation #PensionRules #GovtEmployees #RetirementBenefits #GratuityFormula #BasicPay #DearnessAllowance #GovtEmployeeRetirement #GratuityEligibility #GratuityCap #RetirementPlanning
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