Calculate Gratuity in excel -Employee eligible under Gratuity act 1972-Gratuity calculation in excel

U Excel in Excel My Channel https://www.youtube.com/channel/UCJhxjPLTfxq0rQJj8Rd-73A GRATUITY CALCULATION “What is Gratuity Gratuity is a benefit which is payable under the Payment of Gratuity Act 1972. Gratuity is a sum of money paid by an employer to an employee for…

Calculate Gratuity in excel -Employee eligible under Gratuity act 1972-Gratuity calculation in excel

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GRATUITY CALCULATION
“What is Gratuity
Gratuity is a benefit which is payable under the Payment of Gratuity Act 1972. Gratuity is a sum of money paid by an employer to an employee for services rendered in the company
Gratuity Eligibility Criteria
1. An employee retires
2. An employee resigns after working for 5 years with a single employer
3. An employee passes away or suffers disability due to illness or accident
Gratuity Calculation Formula =
Average Salary * # of service year * (15/26)”

Datedif function for calculating number of service year by comparing date of joining and last working day(resignation date)
=DATEDIF(C5,D5,”Y”)
Sum function to add Basic Salary and Dearness Allowance
Average monthly salary = Basic Salary + Dearness Allowance
Datedif function to calculate number of months
=DATEDIF(C5,D5,”YM”)
Employee eligible for gratuity
Gratuity amount formula
Use of if Function in gratuity calculation
Use if sum function in gratuity calculation
Gratuity calculation in excel
how to calculate Gratuity in excel

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