Gratuity Calculator Online- How to Calculate Tax free & Taxable Gratuity in Excel 2021

#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 +…

Gratuity Calculator Online- How to Calculate Tax free & Taxable Gratuity in Excel 2021

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#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
years.

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

Read Blog Post: https://www.negifinancial.com/online-excel-gratuity-calculator-formula-purpose-india

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