How to calculate interest on delayed gratuity?

pragatikenjale

How to calculate interest on delayed gratuity? Is there any formula or excel sheet for the same.
6th September 2022 From India, Pune

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KK!HR

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The interest rate is prescribed by the appropriate government, the Central Government had earlier set 10% simple interest. You may check up with the respective authority and the calculation is simple.
6th September 2022 From India, Mumbai

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How to calculate interest on delayed gratuity?

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