Pension Gratuity Calculator 20.31l24n

The Pension Gratuity Calculator serves as a practical tool for individuals seeking to understand their retirement benefits more thoroughly. The application allows users to efficiently compute various retirement-related figures, including Retiring Gratuity, Commuted Value of Pension (CVP), and pension amounts both before and after commutation. Notably, it also accommodates calculations concerning Death Gratuity for employees who may have passed away during their service period.

The calculations within the application are grounded in the West Bengal Service Rules of 1971, ensuring adherence to specified regulations. Additionally, it facilitates the computation of Revised Pension as of January 1, 2020, following the implementation of the 6th Pay Commission in West Bengal. Whether you retired prior to January 1, 2016; after this date; or plan to retire before December 31, 2019, this app simplifies the process of determining your revised pension effective from January 1, 2020.

Key features of the app include:

• Intuitive and straightforward calculations
• Comparative insights between the 5th and 6th Pay Commutation
• Automatic calculation of CVP without needing to refer to the Commutation Factor Table
• Automatic input of Commutation Factor based on user age
• User-friendly interface
• Upcoming updates will introduce additional features