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This excel is for understanding the Gratuity Calculation, which is a tentative Calculation to find the amount for Gratuity when person left from the organisation. or we say at the time of full and final settlement.
Formula :- Last Drawn Salary/26*15*No of Yrs Service.
Rules :-
1) Which consist of Minimum 5 Yrs Service as per Gratuity Act 1972. and if person complete more than 6 month , then its consists 1 Year.
2 )But the person who is minimum 4 yrs & 8 month service is consider as "0" zero years of gratuity service.
3) And if his is work for 4 Yrs & 8 Month and more but less than 5 yrs, then also he is consider as 5 yrs of services for gratuity is applicable.

From India, Pune

Attached Files
File Type: xlsx SACHIN GRATUITY FORMULA SHEET.xlsx (12.6 KB, 94 views)

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From United Kingdom, Rugby
Revised formula for error 5.6 yrs convert in 6 yrs.
From India, Pune

Attached Files
File Type: xlsx SACHIN GRATUITY FORMULA SHEET (1).xlsx (12.6 KB, 23 views)

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