Yes, an online gratuity payment calculator is completely free to be used by individuals for the purpose of estimating the gratuity amount.

Is the gratuity calculator free for use?

You can use the gratuity amount calculator as many times as required, without any usage limit or charges.

How many times can I use the calculator?

Yes, there is an upper limit on the amount of gratuity that can be received by employees. In the case of government employees, the maximum limit of gratuity payment allowed is Rs. 20 lakhs. On the contrary, the maximum limit for non-government employees is Rs. 10 lakhs.

Is there any upper limit on the amount of gratuity that you will receive?

As per the Payment of Contract Act, contract workers are eligible to receive gratuity only after they have completed five consecutive years with the same contractor. It is important to note that it is applicable only if they have completed five years of uninterrupted service.

If an individual is a contract employee, will he receive a gratuity on completing 5 years in service?

Yes, you can easily calculate ex gratia payment using the online gratuity calculator. Any amount above Rs. 10 lakhs is considered as an ex gratia by default.

Can I also calculate ex gratia payment using this calculator?

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About Univest 

Univest is a cutting-edge stock market platform designed to help traders and investors maximize their returns with expert-driven advisory services and seamless trading execution. Whether you're a seasoned trader or just starting, Univest simplifies your investment journey with actionable trade recommendations, AI-powered portfolio insights, and a fully integrated brokerage experience. With Univest, you gain access to proven stock market advisory, offering expert trade ideas for stocks, futures, options, and commodities. Our one-click trade execution feature eliminates slippage, ensuring instant execution through our advisory-first brokerage. Smart portfolio management allows you to identify underperforming stocks, optimize your investments, and receive real-time alerts. Additionally, Univest provides seamless investment opportunities beyond stocks, including mutual funds, bonds, fixed deposits, and insurance (coming soon).&nbsp;Join over 40 lakh active investors who trust Univest to make informed and profitable trading decisions. Start investing smarter today! 🚀&nbsp;&nbsp;

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To ensure a smooth trading experience and prevent unauthorized transactions, investors must update their mobile number and email ID with their stockbroker or depository participant. As per regulatory requirements, investors are required to pay a stipulated amount as an upfront margin for trading in the Cash/FO segment. We encourage all investors to regularly check their securities in the Consolidated Account Statement (CAS) issued by depository to verify their holdings.Always verify alerts and transaction details received directly from the exchange or NSDL before proceeding with any trades.&nbsp;Please do not make payments through unverified email links, WhatsApp, or SMS. Always trade through a registered stockbroker and verify all details before making financial decisions. &nbsp;

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Investments in the securities market are subject to market risks. Please read all related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit. For more disclaimer /disclosure, visit<a href=" https://univest.in/stock-broker"> https://univest.in/stock-broker</a> or Univest App.We collect and use your contact information for legitimate business purposes, including providing updates on our products and services. We do not sell or rent your contact information to third parties. By submitting your details, you authorize us to contact you via Call/SMS, even if you are registered under DND. This authorization remains valid for 12 months.For grievances, please contact us at hello@unibrokers.in . &nbsp;

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Univest Stock Broking Disclosures

Univest Stock Broking Private Limited - SEBI Reg. No. INZ000317437 (Stock Broker), NSE TM Code: 90392, BSE TM Code: 6866, MCX TM Code: 57290 and ICCL- Self Clearing Member Code: 6866, SEBI Reg. No. IN-DP-779-2024 (Participant), NSDL DP ID: IN304748. &nbsp;Risk Disclosures on Derivatives 1. 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses. 2. On an average, loss makers registered net trading loss close to ₹ 50,000 3. Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs. 4. Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost. Attention Investors: As per NSE circular dated July 6, 2022: <a href="https://nsearchives.nseindia.com/content/circulars/INSP52900.pdf">https://nsearchives.nseindia.com/content/circulars/INSP52900.pdf</a>, BSE circular dated July 6, 2022: <a href="https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220706-55">https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220706-55</a>, MCX circular dated July 11, 2022: <a href="https://www.mcxindia.com/docs/default-source/circulars/english/2022/july/circular-418-2022.pdf?sfvrsn=9401991_0">https://www.mcxindia.com/docs/default-source/circulars/english/2022/july/circular-418-2022.pdf?sfvrsn=9401991_0</a>, investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.&nbsp; Investors are further cautioned to avoid practices like: a. Sharing&nbsp; i) trading credentials – login id and passwords including OTPs. ii) trading strategies, iii) position details. b. Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses. c. Writing/ selling options or trading in option strategies based on tips, without basic knowledge and understanding of the product and its risks. d. Dealing in unsolicited tips through platforms like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc. e. Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers. &nbsp;Kindly read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets:&nbsp;<a href="https://nsearchives.nseindia.com/content/circulars/INSP49434.pdf">https://nsearchives.nseindia.com/content/circulars/INSP49434.pdf</a> Kindly, read the advisory as prescribed by the Exchange with reference to their circular: NSE/ISC/51035 dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022:&nbsp;<a href="https://www.nseindia.com/resources/exchange-communication-circulars#">https://www.nseindia.com/resources/exchange-communication-circulars#</a>&nbsp; Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from NSDL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (Broker, DP), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Univest Stock Broking Private Limited and offering such services, please send us an email at <a href="mailto:hello@unibrokers.in">hello@unibrokers.in</a> No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number. Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL every month. Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies <a href="https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html">https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html</a>. ODR portal for Investors -&nbsp;<a href="https://smartodr.in/login.">https://smartodr.in/login.</a> Procedure to file a complaint on&nbsp;<a href="https://scores.sebi.gov.in/">SEBI SCORES</a>: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances. Attention Investors: In accordance with applicable Exchange regulations, clients are required to inform us of any short sale transactions executed on a Trading Day no later than 8:00 PM on the same day by writing to support@unibrokers.in.Please note that short selling is permitted only in securities eligible for trading in the Futures &amp; Options (F&amp;O) segment. Short selling in securities that are not part of the F&amp;O segment is strictly prohibited.For any clarification, you may contact our support team. “Univest Stock Broking Pvt. Ltd.” / “Univest” communicates only through its official website, mobile application, authorized email IDs, and verified social media handles. It does not engage through any unofficial platforms/third parties.Please beware of unsolicited messages, calls, or investment schemes claiming to represent Univest. Always verify such communications through official channels. Any suspected impersonation or unauthorized use of Univest’s name must be reported immediately at support@unibrokers.in. &nbsp;

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<a href="https://univest.in/shark-portfolios/rakesh-jhunjhunwala-assoc">Rakesh Jhunjhunwala</a> | <a href="https://univest.in/shark-portfolios/radhakishan-damani">Radhakishan Damani</a> | <a href="https://univest.in/shark-portfolios/premji-assoc">Azim Premji</a> | <a href="https://univest.in/shark-portfolios/mukul-agrawal">Mukul Agrawal</a> | <a href="https://univest.in/shark-portfolios/ashish-dhawan">Ashish Dhawan</a> | <a href="https://univest.in/shark-portfolios/ashish-kacholia">Ashish kacholia</a> | <a href="https://univest.in/shark-portfolios/anil-kumar-goel-assoc">Anil Goel</a> | <a href="https://univest.in/shark-portfolios/bhavook-tripathi">Bhavook Tripathi</a> | <a href="https://univest.in/shark-portfolios/vijay-kishanlal-kedia">Vijay Kishanlal kedia</a> &nbsp;| <a href="https://univest.in/shark-portfolios/enam-securities-pvt-ltd">Enam Securities</a> | <a href="https://univest.in/shark-portfolios/vistra-itcl-india-limited">Vistra ITCL</a> | <a href="https://univest.in/shark-portfolios/punjab-national-bank">Punjab National Bank</a> | <a href="https://univest.in/shark-portfolios/the-oriental-insurance-company-ltd">The Oriental Insurance Company</a> | <a href="https://univest.in/shark-portfolios/jm-financial-services-limited">Jm Financial</a> | <a href="https://univest.in/shark-portfolios/government-of-singapore">GOVT. Of Singapore</a> | <a href="https://univest.in/shark-portfolios/europacific-growth-fund">EuroPacific Growth Fund</a> | <a href="https://univest.in/shark-portfolios/government-pension-fund-global">Govt. Pension Fund GLobal</a>

Sharks

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