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NOTE:

Here the example is given for how to calculate Gratuity and it is not for any other purpose.

NAME OF THE COMPANY

Georgia Gullini Fahshion Private Limited

CURRENT YEAR ENDING

31-Mar-2011 (DD/MM/YYYY)

GRATUITY CALCULATION (15/26)

0.576923077

SALARY GROWTH RATE

10%

INTEREST RATE(DISCOUNT RATE)

7.50%

RETIREMENT AGE
EMP
NO

EMPLOYEE
NAME
1
2
3
5

(*)

58 YEARS
DOB

A.BALAJI
R.SELVA KUMAR
G.LAKSHMI NARAYANAN
B.MUTHU SARAVANAN

DOJ

20-Mar-1975
22-Apr-1961
26-Mar-1958
1-Jul-1959

COMPL.
SERVICE

1-Dec-2005
24-Jan-2002
1-Mar-1995
1-Apr-1999

FUTURE
SERVICE

5.33
9.19
16.09
12.01

22
8
5
6

ENTER ALL DATES IN DD-MM-YYYY FOR FORMAT ex: 31-DEC-2007 is 31-12-2007

EMPLANATION FOR EMP NO - 1 A.BALAJI


DOB

MANUAL ENTRY DATE OF BIRTH

DOJ

MANUAL ENTRY DATE OF JOINING

COMPL SERVICE

AUTOMATIC

GROWTH RATE

MANUAL ENTRY (($C$3-D6)/365,0) - Arrived No of Days Divided by 365, for arriving

FUTURE SERVICE

MANUAL ENTRY No of Years from the CURRENT YEAR ending an EMPLOYEE is go

FUTURE RATE

MANUAL ENTRY POWER((1+1*G6),F6) - For arriving FUTURE VALUE @ FIXED GR

No of Years of COMPLETED SERVICE

INTEREST DISCOUNT RATE MANUAL ENTRY 1/POWER((1+1*H6),F6) - For arriving PRESENT VALUE @ FIXED
GRATITY RATE

MANUAL ENTRY LUMPSUM BENEFIT HERE 15/26 (approx 58%)

GROSS SALARY

MANUAL ENTRY Last Drawn Salary for the CURRENT YEAR

LIABILITY

AUTOMATIC

LIABILITY for the UPTO CURRENT YEAR

GROWTH
RATE
10.00%
10.00%
10.00%
10.00%

INTEREST GRATUITY GROSS


RATE
RATE
SALARY
7.50%
7.50%
7.50%
7.50%

15/26
15/26
15/26
15/26

LETED SERVICE

Arrived No of Days Divided by 365, for arriving No of days

CURRENT YEAR ending an EMPLOYEE is going to STAY

) - For arriving FUTURE VALUE @ FIXED GROWTH RATE

6) - For arriving PRESENT VALUE @ FIXED INTEREST RATE

HERE 15/26 (approx 58%)

the CURRENT YEAR

O CURRENT YEAR

25000
60000
70000
10000

LIABILITY

MAX
350000

127354
382435
728259
79903

127354
350000
350000
79903

1317951

907257

GRTY CAL
SAL GRTH RTE
INT RTE

0.576923
10%
8%