TAX
Gratuity Calculator
Calculate statutory gratuity payout as per Payment of Gratuity Act (15/26 formula) after 5+ years service.
Important Note: Tax calculations are mathematical estimates comparing the New Tax Regime vs Old Tax Regime. Standard Deduction for Salaried under New Regime is ₹75,000 and Section 87A rebate applies for zero tax on eligible brackets. Verify with official income tax provisions before filing returns.
₹
₹3,00,000₹50,00,000
Twelve Lakh Rupees
Old Regime Deductions & ExemptionsApplies only to Old Regime
₹
₹0₹1,50,000
₹
₹0₹75,000
₹
₹0₹5,00,000
₹
₹0₹2,00,000
New Tax Regime is Better
You save ₹15,340 in taxes!
New Tax Regime (Default)Recommended
Total Tax Payable:
₹71,500
Standard Deduction:₹75,000
Taxable Income:₹11,25,000
Monthly Take-Home:₹94,042/mo
Effective Tax Rate:5.96%
Old Tax Regime
Total Tax Payable:
₹86,840
Total Deductions Claimed:₹3,45,000
Taxable Income:₹8,55,000
Monthly Take-Home:₹92,763/mo
Effective Tax Rate:7.24%
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