Lucknow Super Giants (LSG) skipper Rishabh Pant will play his team's match against Punjab Kings (PBKS), thus allaying injury fears ahead of the important match. During LSG's match against Royal Challengers Bengaluru (RCB) on 15 April, Rishabh Pant was hit on his left arm after facing a short length
Who is Kajal Meena? Rajasthan SDM and RAS topper arrested for accepting bribeKajal Meena, an IIT graduate, was held by the Anti-Corruption Bureau (ACB) on April 16, along with two others. Updated on: Apr 19, 2026 5:10 PM IST By Arya Mishra Share via Copy link A sub-divisional magistrate in
It’s one thing to reach the summit. Staying there is the real test. And right now, Jannik Sinner isn’t backing down from either. Fresh off his Monte Carlo triumph, the newly crowned World No. 1 has confirmed his participation at the Madrid Open
Uttarakhand Chief Minister Pushkar Singh Dhami on Sunday extended greetings to devotees as the Char Dham Yatra 2026 commenced, urging pilgrims to follow guidelines and contribute to environmental conservation during the sacred journey. In a post on X, Dhami said
Govt okays ₹12,980-crore maritime insurance poolThe decision will help lower costs for Indian vessels as global underwriters have hiked risk-mitigation charges to historic highs due to the war in West Asia. Published on: Apr 19, 2026 1:44 PM IST By Zia Haq
Milk sits quietly at the centre of Indian households, poured into morning tea, stirred into children’s routines, and trusted almost instinctively as a source of nutrition. But that trust, increasingly, is being questioned. According to Food Safety and Standards Authority of India
Odisha gets India’s first 3D glass chip packaging plantThe facility set up by US-based 3D Glass Solutions Inc. (3DGS) at Info Valley in Bhubaneswar is worth ₹1,943 crore Published on: Apr 19, 2026 4:51 PM IST By Debabrata Mohanty, Bhubaneswar Share via Copy link Odisha chief minister Mohan
Pune dermatologist explains how to decide what hair loss treatment is right for you: Hair transplant, PRP or GFCDr Chavan says hair restoration choices depend on follicle health – PRP and GFC work on existing follicles, while transplants are for advanced baldness. Published on: Apr 19
Gratuity calculation: Rs 50000 basic salary; how much you may get after 12 years of service?
Gratuity calculation: Rs 50000 basic salary; how much you may get after 12 years of service?
Gratuity calculation: Gratuity is more than a bonus; it is a legally supported reward for your years of dedicated work. After years, even decades, of effort, time, and commitment devoted to your career, that point arrives where you bid it adieu (say goodbye) due to retirement, resignation, or something unexpected. You deserve more than the paycheck on your last day. That's where gratuity enters the picture, a sum of money that says “thank you.”
But many wonder: Am I entitled? How much will I actually receive? On that note, let's check how much you will get if your last-drawn basic salary is Rs 50000 and you have completed around 12 years of service. The formula mentioned in the article can help you find out your gratuity amount based on your basic salary and service here. Therefore, read the article thoroughly to understand the concept.
Gratuity is a statutory payment in India designed to provide financial incentives to long-term employees at the time of their retirement, resignation, death or disablement. Regulated under the Payment of Gratuity Act, 1972, it has explicit provisions regarding eligibility, amount payable, and tax treatment.
Based on the gratuity calculation formula, if your last drawn basic salary is Rs 50000 and you have completed 12 years of service, the calculation will be:
So, after 12 years of service, you may be entitled to approximately Rs 3.46 lakh corpus as gratuity.
Gratuity is payable at the time of retirement, resignation (after 5 years), or on the death/disability of the employee.
The maximum gratuity limit under the current law is Rs 20 lakh (as per the Finance Act, 2018).
This calculation applies to employees in the private sector as well as government organisations covered under the Act.
Using a gratuity calculator can simplify this process, ensuring you have a clear idea of your post-retirement financial benefits.
The gratuity formula for employees covered under the Act is:
Gratuity = (Last Drawn Salary × 15/26) × Number of Years of Service
50000×15/26×12
Here, the last drawn salary includes basic salary plus dearness allowance, if any. The factor 15/26 represents 15 days' salary for every completed year of service, considering 26 working days in a month.
Source: Msn
Related Posts: Infosys Rolls Out 80% Average Bonus Payout For Q1 FY26 After Strong Earnings Last Working Day Of Govt Employees For Pension Calculation Will govt review DA calculation formula Which Central Govt Employees Are Eligible For Increased Gratuity Of Rs 25L What Is Gratuity & How Is It Calculated Under Indian Law Centre Clears Confusion On Rs 25 Lakh Gratuity Cap Gratuity eligibility to minimum wages Oyo parent to revise bonus structure Cognizant Announces 100% Bonus Payout After Early Target Achievement Infosys releases bonus letters
A Delhi-based entrepreneur has sparked online debate after sharing a raw and honest look at what startup life is really like behind the scenes. Nikhil Gaur, founder of Hypeschool, shared a video on Instagram showing himself arriving at his office at 5 am
1 days ago
For many years, liver disease has been closely associated with alcohol consumption. However, this is no longer the full picture. Today, doctors are increasingly diagnosing liver disease in people who rarely or never consume alcohol. This condition
1 days ago
Like everyone else, I cannot wait for Sunday's massive game between Manchester City and Arsenal. From a manager's perspective, both teams have many strengths and very few weaknesses. The same applies to the two men who are in charge of them.Like everyone else
1 days ago
Andhra Pradesh Deputy Chief Minister Pawan Kalyan underwent surgery on Saturday evening following a health complication, leaving his fans concerned. Now, megastar Chiranjeevi has shared a health update on his brother, Pawan Kalyan, confirming that he is safe, stable
1 days ago
Gold, silver prices on Akshaya Tritiya 2026: Check latest rates in Delhi, Mumbai, other citiesIf you’re planning to buy jewellery, keep in mind that the final price may be higher, as jewellers typically add making charges and GST to the base rate. Updated on: Apr 19
1 days ago
The self-enumeration portal for the ongoing Census had been showing Pasighat in Arunachal Pradesh as a Chinese town named Medog, a retired Indian Air Force officer pointed out on Saturday. Hours later, census officials said the error had been resolved
1 days ago
Iran's Parliament Speaker claimed its forces neutralized 180 drones and targeted a US F-35 stealth fighter, signaling advanced defense capabilities. He linked these military developments to ongoing indirect talks with Washington, stating that while some consensus exists, major differences persist
1 days ago
‘Extraordinary’ security measures in Pakistan ahead of potential second round of US-Iran talksAuthorities have announced that from Sunday midnight, several sensitive areas surrounding Nur Khan Airbase and Islamabad International Airport will be sealed. Published on: Apr 19
1 days ago
The poll body noted that over 11,000 violative social media posts have been addressed since March 15, while 3,10,393 complaints were resolved via the C-Vigil app, highlighting a 96.01% resolution rate within 100 minutes. New Delhii: The (ECI) on Saturday reiterated strict compliance with legal
1 days ago
To understand why India’s China deficit keeps growing, you have to go back further than last year’s trade data. You have to go back 35 years — to 1990, when India and China were, by most measures, economic equals. New Delhi: There is a number buried inside India’s FY26 trade data that
1 days ago
Blinkit vs Instamart vs roadside vendor: Gurgaon woman reveals cheapest grocery optionA Gurgaon woman compared grocery prices and found roadside vendors were cheaper than Blinkit and Instamart. Published on: Apr 19, 2026 4:08 PM IST By Mahipal Singh Chouhan Share via Copy link A Gurgaon woman has
1 days ago
Who was Liv Perrotto? Elon Musk fulfils cancer-struck teen's last wish in heartfelt gestureElon Musk responded to 15-year-old cancer patient Liv Perrotto's questions, revealing he won't develop his own phone and sharing his love for anime. Published on: Apr 19
1 days ago
SSLC grading row: K'taka government files review petition in HCSSLC grading row: K'taka government files review petition in HC Published on: Apr 18, 2026 11:10 PM IST PTI Share via Copy link Bengaluru, The Karnataka government has filed a review petition in the High Court against a single judge
1 days ago
Kamal Haasan urges Centre to implement women's reservation bill without linking it to delimitationKamal Haasan said that if we are serious about women’s empowerment, 33% reservation must be implemented immediately. Apr 19, 2026, 17:12:50 IST By Santanu Das Share via Copy link Actor and Makkal
1 days ago
Northeast woman shares how gifting a jhaadu to Delhi landlord changed their relationship: 'United by jhaadu'A Northeast woman shared how gifting a jhaadu transformed her relationship with her landlord in Delhi. Updated on: Apr 19, 2026 4:25 PM IST By Bhavya Sukheja Share via Copy link A
1 days ago
TCS case: Kin of accused call him ‘high-performer’; blame office politics, jealousy for allegationsTCS case: Kin of accused call him ‘high-performer’; blame office politics, jealousy for allegations Published on: Apr 19, 2026 4:49 PM IST PTI Share via Copy link Nashik
1 days ago
Beer Price India: The ongoing conflict in West Asia has intensified pressure on the Indian beer sector, triggering a sharp rise in input costs, supply disruptions and continued pricing restrictions. Vivek Gupta, Chief Executive Officer and Managing Director of United Breweries Ltd
1 days ago
Prime Minister Narendra Modi asserted that the West Bengal assembly election is a fight to preserve the state's identity, accusing the Mamata Banerjee government of favoring "infiltrators" over native populations. He alleged the TMC aims to form a "government of infiltrators and for infiltrators
1 days ago
New Delhi, Apr 19 (PTI) Delhi Traffic Police has booked 269 people for drunk driving during a special integrated night checking across the national capital, officials said on Sunday. The three-hour operation was conducted between 9 pm and midnight on Saturday in coordination with local police and
1 days ago
New Delhi:The Reserve Bank of India (RBI) has announced that multiple state governments will raise a total of Rs 16,900 crore through the revised auction of State Government Securities (SGS), scheduled to be conducted on April 21. According to the Central Bank release
1 days ago
Ukraine's President Volodymyr Zelensky has condemned a US decision to extend the period during which Russia is allowed to sell oil despite Western sanctions. The move means countries can purchase Russian oil and petroleum products already loaded on vessels at sea until 16 May
1 days ago
The Trinamool Congress on Sunday refuted a news report claiming that political consultancy Indian Political Action Committee has paused its operations in West Bengal ahead of the Assembly elections, calling it “completely baseless”. In a statement
1 days ago
BCCI set to extend chief selector Ajit Agarkar’s contract to June 2027 after multiple ICC titles, seeking continuity before next ODI World Cup amid major team transition Ajit Agarkar, chairman of India’s senior selection committee, is set to receive a one-year contract extension when his
1 days ago
Kalki Koechlin says heartbreak caused months of insomnia, left her confused: ‘I just could not sleep'Kalki Koechlin opens up about a challenging period marked by insomnia due to heartbreak, affecting her mental clarity and daily functioning. Apr 19, 2026
1 days ago
Ajit Agarkar will continue as chairman of the senior selection committee. The BCCI renewed his contract for one more year. This decision focuses on the 2027 ODI World Cup. Under Agarkar, Indian teams reached four ICC tournament finals, winning three. Continuity is a key factor for the board
1 days ago
With Deepika Padukone recently announcing that she is expecting her second child with Ranveer Singh, conversations around pregnancy, nutrition, and maternal well-being are once again in the spotlight. The couple shared the news through a heartfelt post
1 days ago
Lenskart has publicly rolled out a revised in-store style guide after facing backlash over an alleged internal dress code and a separate Pongal-themed campaign. The eyewear company said it wants to make its position on cultural and religious expression clear
1 days ago
