Excel formula to calculate ESB (End Service Benefit)

Shafayat

New Member
Joined
Dec 14, 2023
Messages
1
Office Version
  1. 365
  2. 2010
  3. 2007
Platform
  1. Windows
Provide share if possible excel formula to calculate ESB with below criteria:

  • Service less than or equal to 5 Years, calculation will be 0.5 month Salary Per Year
  • Service more than 5 Years, calculation will be 1 month Salary Per Year
  • Compute additional working days and months above in the formula as well

This formula have some missing criteria =SUMPRODUCT((DATEDIF($G16,G17,"y")>{0,5})+0,DATEDIF($G16,G17,"y")-{0,5},$G21*{0.5,0.5}) + IF(DATEDIF($G16,G17,"ym")>0, $G21 * DATEDIF($G16,G17,"ym")/12, 0) + IF(DATEDIF($G16,G17,"md")>0, $G21 *
 
Last edited by a moderator:

Excel Facts

Which lookup functions find a value equal or greater than the lookup value?
MATCH uses -1 to find larger value (lookup table must be sorted ZA). XLOOKUP uses 1 to find values greater and does not need to be sorted.

Forum statistics

Threads
1,215,101
Messages
6,123,092
Members
449,095
Latest member
gwguy

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top