Gratuity eligibility, payout and formula: Leaving job before 5 years? Here’s how you can still get gratuity

Salaried employees are eligible for gratuity under the Payment of Gratuity Rules, 1972, after completing 4 years and 240 days of continuous service. Gratuity is calculated based on the final drawn salary, with specific formulas depending on whether the organization falls under the Act’s purview.