Download Gratuity Calculator Template In Excel

Gratuity Calculator Template in Excel easily calculate your gratuity amount as per the Gratuity Act 1972 in India.

Gratuity Calculator with predefine formulas helps you calculate the end of service amount also known as Gratuity.

All you need to do is to enter your last drawn salary and the total years of service and it will automatically calculate your gratuity amount.

What is Gratuity?

Gratuity is end of service benefits provided by an employer to the employee for the service rendered to the organization.

An employee is entitled to gratuity when he/she:

  • Resigns
  • Retires
  • Laid off
  • Death or Disablement

Eligibility Criteria For Gratuity

According to the Gratuity Act, an employee is paid gratuity if he/she completes a minimum service of 5 years in that particular company.

Furthermore, in case of death or disablement, there is no minimum eligibility period. Disablement means loss of the earning capacity of an employee. It is of two types; temporary disablement & permanent disablement.

Gratuity Rule For Terminated Employees

The employer can cancel gratuity payment of employee even though he/she has completed 5 or more years only if the following conditions:

“An employee facing termination due to disorderly conduct. Disorderly conduct mainly includes physically harming individuals during employment.”

Gratuity Payment Process

The gratuity payment process involves following 4 step process:

  • Apply
  • Acknowledgment
  • Calculation
  • Disbursement

Thus, the eligible employee must send an application to the employer to process his gratuity payment. The employer then accept the application.

Furthermore, the employer initiates calculation process and sends it to the concerned department for disbursement. Finally, the concerned department disburses the Gratuity to the employee.

Gratuity Calculation Formula

The formula to calculate Gratuity is as follows:

Last Drawn Salary X Total Years of Service X 15/26

Last Drawn Salary: Basic Salary + Dearness Allowance (DA)

Total Years of Service: Number of years of service in a company. The mathematical rule of point will apply here in calculating years.

End of service calculator

The template consists of 2 sections: Employee Information and Employee Gratuity Calculations

Employee Information Section

In this section, you need to enter name and your organization type. It can be government organization or a non-government organization.

Gratuity Calculation Chart

To calculate gratuity, you need to enter 2 main details: Last drawn salary and Total years of service. Applying the above-mention formula, the template calculates the gratuity for the given years of service.

The last drawn salary will not be a total take-home salary. It is only the basic salary in addition to dearness allowance.

Download this Gratuity Calculator template in Excel Format

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  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Gratuity Calculator Excel Template

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