Retirement & Pension Calculator - India

The calculations are based on standard formulas used by the Indian government for retirement benefits. However, actual amounts may vary based on specific rules and regulations applicable to your case.

Gratuity is calculated using the formula: (15 × Last Drawn Salary × Years of Service) ÷ 26. Last drawn salary includes basic pay plus dearness allowance.

Leave encashment is calculated as: (Leave Balance × Last Salary) ÷ 30. The maximum leave balance that can be encashed is 300 days.

Pension is calculated as 50% of the last drawn salary (basic + dearness allowance).

You can commute up to 40% of your pension for a lump sum amount. The commuted amount is calculated as: Commuted Pension × 12 × Commutation Factor. The commutation factor is based on your age at retirement.

The commuted portion of the pension is restored after 15 years from the date of retirement.

The DA rate changes periodically. This calculator uses the latest available rate, but you can adjust it according to your specific situation.

This calculator is primarily designed for government employees. Private sector employees may have different rules based on their company's policies and the applicable laws.