Project your Gratuity amount using the Central Govt (7th CPC) formula
Gratuity Formula:
Gratuity = (Last Basic Pay + DA) ร No. of Half-Years of Service ร 1/4
Last Basic Pay = โน46,800
DA = 58% = โน27,144
Total (Basic + DA) = โน73,944
Service = 24 years 7 months โ 50 half-years
Gratuity = 73,944 ร 50 ร 1/4 = 73,944 ร 12.5 = โน9,24,300
โ Payable Gratuity = โน9,24,300 (within โน25,00,000 ceiling)