Gratuity is a lump sum payment made by an employer to an employee as a token of appreciation for their services. The gratuity amount is calculated using the following formula: Here are some things to keep in mind when calculating gratuity: You can use an online gratuity calculator to determine the gratuity amount.
The Equated Monthly Installment (EMI) of a home loan can be calculated using the formula: You can also use a home loan EMI calculator to calculate the EMI amount. To use a calculator, you’ll need to provide the principal loan amount, interest rate, and loan tenure. The calculator will then provide an estimate of the EMI, repayment … Read more
To calculate leave salary, you can use the formula: Here’s what the variables in the formula mean: The formula considers the employee’s per day salary, which includes their basic salary and dearness allowance. The amount is then divided by 30, and multiplied by the number of leaves the employee has accumulated. If an employee’s employment is … Read more
To calculate a mortgage loan, you can use a formula to calculate the principal and interest, and then add in other costs like taxes and insurance: You can use a mortgage calculator to help determine your budget and how much house you can afford.