What is it & why use it?
Estimate your Provident Fund balance and gratuity benefits with our PF & Gratuity Calculator. Useful for retirement and job change planning. This tool on Calci.in explains concepts in plain language and helps you plan for retirement or job transitions.

Formula (explained)
PF Balance = Monthly contribution × (1 + r/n)^(n × t)
Gratuity = (15 × Last Drawn Salary × Years of Service) / 26
Variables: r = interest rate, n = compounding frequency, t = years, Salary = last drawn monthly basic + DA.

Example calculation
PF: ₹5,000/month for 20 years at 8% ≈ ₹29 lakh.
Gratuity: Salary ₹50,000, service 15 years → Gratuity ≈ ₹4.33 lakh.

Benefits & use cases
• Plan retirement corpus
• Know eligibility for gratuity
• Compare job offers with benefits

Related calculators on Calci.in
NPS Calculator
HRA Calculator
Income Tax Calculator

External references (authority sources)
EPFO India
Labour Ministry – Gratuity Act

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FAQs
Q1: Who is eligible for gratuity?
A: Employees with at least 5 years of continuous service are eligible under the Gratuity Act.
Q2: Is PF mandatory?
A: Yes, for salaried employees in organizations under EPFO guidelines.
Q3: Is PF and gratuity taxable?
A: PF maturity after 5 years is tax‑free. Gratuity is tax‑free up to ₹20 lakh in India.
Q4: Can I withdraw PF before retirement?
A: Yes, under specific conditions like home purchase, illness, or unemployment.