Retiring Gratuity/ Death Gratuity
- Maximum amount of retiring gratuity/ death gratuity is Rs. 12,00,000/-.
- In case of death gratuity it is calculated as follows:
| Length of Qualifying Service | Rate of Death Gratuity |
|---|---|
| Less than 1 (one) year | 2 times of last drawn monthly emoluments |
| 1 (one) year or more but less than 5 (five) years | 6 times of last drawn monthly emoluments |
| 5 (five) years or more but less than 11 (eleven) years | 12 times of last drawn monthly emoluments |
| 11 (eleven) years or more but less than 20 (twenty) years | 20 times of last drawn monthly emoluments |
| 20 (twenty) years or more | Half of the last drawn monthly emoluments for every completed six monthly period of qualifying service subject to a maximum of 33 times of last drawn monthly emoluments |
Illustration
For a service period of 20 years and last basic pay of Rs. 15,000/-, DA Rs. 3000/- retirement gratuity will be Rs. 1,80,000/- and death gratuity if applicable would be Rs. 3,60,000/-