Taxable Gratuity Calculator Excel Template

Taxable Gratuity Calculator Excel Template

Taxable Gratuity Calculator Excel Template is a simple and ready-to-use excel template to the amount of gratuity that is taxable under the Indian Income Tax Act.  Income tax applicability differs from according to the companies falling/not falling under the Gratuity Act 1972 and also the type of company (Government or non-government).

An employee is entitled to get gratuity when he/she:

• Resigns
• Retires
• Laid off
• Death or Disablement

An employee is entitled to gratuity if he/she completes a minimum service of 5 years with that particular employer. There is no minimum eligibility period in the case of death or disablement.

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