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Gratuity Rule in Single Excel formlae

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    Smile Gratuity Rule in Single Excel formlae

    HI All,

    Anyone please help to resolve the below gratuity calculation in single excel for an optional cell as 'Resignation' and 'Termination'

    Resignation
    " Eligible to receive 7 days of Basic Salary per year, if service period is more than 1 year and less than 3 years.
     Eligible to receive 14 Days of Basic Salary, if the service period is more than 3 years and less than 5 years.
     If the service is more than 5 years, then eligibility is;
    o 21 days’ pay for each year of service until the completion of 5th year PLUS
    o 30 days of pay for each additional year after the completion of 5th year. (It should be pro-rated for any uncompleted years)


    Termination
    " 21 days’ of Basic pay for each year of service until the completion of 5th year provided the employee has at least completed 1 (one) year of service.
     If the service is more than 5 years, then eligibility is ;
    o 21 days’ pay for each year of service until the completion of 5th year PLUS
    o 30 days of pay for each additional year after the completion of 5th year. (It should be pro-rated for any uncompleted years)"


    Thanks in advance for your help...

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    Re: Gratuity Rule in Single Excel formlae

    Hi,

    Attached calculations in excel; if anyone wanted to help to make it in to single formulae.

    Thanks
    Attached Files Attached Files

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