Gratuity Explained: Your 5-Year Payout
If you've completed 5 years at a company, you're sitting on a gratuity payout most people forget to calculate. It's a lump sum your employer owes you by law — and it can quietly add lakhs to your savings.
Most people clock 5 years at a job and feel nothing but relief. But that milestone legally entitles you to gratuity — a lump sum from your employer, separate from your salary and PF.
The formula: (Last drawn basic + DA, or dearness allowance) × 15/26 × years of service. So someone with a ₹40,000 basic salary and 7 years of service gets roughly ₹1.61 lakh.
This money is tax-free up to ₹20 lakh for most salaried employees.
It's easy to forget money you haven't seen yet — but this is yours, quietly building in the background.
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