The DPE has published the 2nd Pary Revision Committee recommendation for the PSU employees in November 2008. With the same order, the limit for the Gratuity enhanced to 10 Lakhs.
Those who are leaving the CPSEs after retirement or resignation, they will receive the Gratuity as per the government rules.
To get the benefit of this scheme, one has to complete the minimum of 5 years of regular service in the PSU.
I have prepared the formula like an online form where you can enter your actual basic pay and the total service years in the PSU. After entering it in the following calculator, you will get actual Gratuity amount in Indian Rupees received by an employee.
I hope that it will help you to check the retiral benefit easily. Apart from this, if you still have any other questions related to this topic. You can add the same on this website. Our expert team will try to solve the query as early as possible.