Tuesday, 8 September 2015

Excel Tips - Tip 10 (How to calculate exact Age)


Hello,

Hope my excel tips are helping you out.

Here is the Tenth tip for you. Hope this help you.

As this is the season of Filing Income tax return and depositing of taxes, we often have to find the age of the assessee to calculate the exact amount of tax as per Income Tax Act, 1961 .

How to Calculate Age with Formulae :

You can calculate a persons age based on their birthday and todays date
The calculation uses the DATEDIF() function..

Birth date :
01-Jan-60
Formulae Used
Years lived :
55
 =DATEDIF(C8,TODAY(),"y")
and the months :
8
 =DATEDIF(C8,TODAY(),"ym")
and the days :
7
 =DATEDIF(C8,TODAY(),"md")


You can put this all together in one calculation, by using my earlier tip ‘using & Key’ and the formulae is

="Age is "&DATEDIF(C8,TODAY(),"y")&" Years, "&DATEDIF(C8,TODAY(),"ym")&" Months and "&DATEDIF(C8,TODAY(),"md")&" Days"

And the outcome is 

Age is 55 Years, 8 Months and 7 Days


Note : The DATEDIF() is not documented in Excel 5, 7 or 97, but it is in 2000.


Hope the Tip is useful to you and the same is clear.

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Thanks & Regards,

CA Mohit Bansal
Excel Enthusiast

+91-9045773456




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