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Hi Friend,
you can write formula with your own.
Gratuity Rule is = Last Basic/26Days X 15 Days X Number of working years.
for example
if some one worked 6 years and his last Basic is 5000 (at the time of his exit.)
you simple calculate like this = 5000/26 you will get per day amount
after that = per day amount X 15 days then you will get per year amount
after that = per year amount X 6 years ( Number of Years worked )
then you will know the gratuity liability
I think you may clear now.
From India, Hyderabad
you can write formula with your own.
Gratuity Rule is = Last Basic/26Days X 15 Days X Number of working years.
for example
if some one worked 6 years and his last Basic is 5000 (at the time of his exit.)
you simple calculate like this = 5000/26 you will get per day amount
after that = per day amount X 15 days then you will get per year amount
after that = per year amount X 6 years ( Number of Years worked )
then you will know the gratuity liability
I think you may clear now.
From India, Hyderabad
As you know these days lot of companies work only 22 days in a month. in this case employee will get more Gratuity. Is the 26 is common for all or will it differ as per company?
From United Kingdom, Otley
From United Kingdom, Otley
Normally we are giving to our staffs gratuity 21 days per year
example
Total Salary : 10000 * 12 =120000
Total Working Days : 455
Total year : 1.25
Daily Wages : 328.80
Gratuity : 21*328.80*1.25 = 8631
From United Arab Emirates, Dubai
example
Total Salary : 10000 * 12 =120000
Total Working Days : 455
Total year : 1.25
Daily Wages : 328.80
Gratuity : 21*328.80*1.25 = 8631
From United Arab Emirates, Dubai
Hello there, Attached the Gratuity Working sheet, hope it will be helpful for calculating gratuity for number of employees. Cheers, Nithil
From India, Coimbatore
From India, Coimbatore
hello i have start job for 28/08/2004 and resign 05/01/2014 my monthly salary is 25000 so how many gratuity received me so plz send gratuity calculation. thanking you
From India, Surat
From India, Surat
Hi, If a employee worked for 5y 8months then how to calculate gratuity of the employee please reply me as early as possible
From India, Tiruchi
From India, Tiruchi
Hi Venkat, If Employee worked for 5y 8m then u have to consider 6 years as a no. of completed yrs of services. Formula for Calculation =Last Basic/26 X 15 X 6.
From India , Mumbai
From India , Mumbai
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EXCEL FORMULA.xls