Gratuity Calculator
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1CR
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What is a Gratuity Calculator?
A Gratuity Calculator is a financial tool used to estimate the amount of gratuity that an employee may receive upon leaving a company. Gratuity is a type of benefit provided to employees in recognition of their service to the company. It is typically calculated based on the employee’s salary and the number of years they have worked for the company.
How can Gratuity Calculator help you?
The calculator will then estimate the amount of gratuity you may receive, based on the prevailing gratuity rules and regulations in your country. This information can be useful in helping you plan your finances and make informed decisions about your future, especially if you are considering leaving your current job. It can also give you an idea of the amount of gratuity you may be eligible for in the future, which can help you plan your savings and investments accordingly.
How to use the SwiftTax Gratuity Calculator?
Here are the steps to use the SwiftTax Gratuity calculator:
- Visit the SwiftTax website, click Calculators, and select the “Gratuity Calculator” option.
- Enter your current salary, which is the amount you are currently earning, including basic salary, dearness allowance, and any other allowances.
- Enter the number of years you have worked for the company.
- After entering the above information, press the “calculate” button to see the estimated gratuity amount you may receive.
- Review the results to see the estimated gratuity amount and check if it aligns with your expectations.