#OnlineGratuityCalculator #GratuityFormula #ExcelGratuityCalculator
What is Gratuity?
It is a “Gratuitous Payment” or a “Parting Gift”, given to an employee in recognition of his services when he/she retires or leaves service.
Gratuity Calculation Formula:
Gratuity Calculation formula : 15/26* (Basic + DA+ Commission)* (Total number of
years of service+ Excess of 6 months to be considered as a completed year)
E.g. If you have worked for 5 years 6 months only, then the total number of years will be 5
If you have worked for 5 years 6 months and 1 day, then the total number of years will
be 6 years.
Note: an excess of 6 months is treated as a completed year.
Excel Gratuity Calculator:
Download Excel gratuity calculator: https://www.negifinancial.com/wp-content/uploads/gratuity-calculator-excel-by-Negi-Financial.xlsx
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