Your full and final settlement pulls together several separate calculations, pro-rated salary, leave encashment, gratuity, pending bonus, minus any deductions, into one final number. This calculator lets you sanity-check that number against what your employer’s settlement letter shows.
A typical settlement adds pro-rated salary for the days worked in your exit month, encashment for unused leave, gratuity if you’ve completed the eligibility period, and any pending bonus or incentive, then subtracts deductions like notice period shortfall or outstanding loan recovery. This tool uses a 30-day monthly divisor for pro-ration and encashment, some companies use 26 instead, so treat the result as a close estimate rather than an exact match.
Component definitions and the exact divisor used vary by company policy and by your state’s Shops & Establishments Act, so this is meant to help you spot a settlement letter that looks obviously off, not replace it.
Use our Gratuity Calculator first if you’ve completed 5 years of service, then plug that number into this tool alongside your other settlement components.
Common ones include notice period shortfall (if you leave before serving full notice), recovery of any company loans or advances, and sometimes recovery for unreturned company assets. Our Notice Period Buyout Calculator helps with the notice-shortfall piece specifically.
Yes, encashment at exit gets a tax exemption private-sector employees don’t get during active service, our Leave Encashment Calculator breaks down the exemption calculation.
This varies by company, but 30-45 days after your last working day is common practice in India, check your appointment letter or HR policy for the specific commitment.
Retrenchment adds its own statutory compensation on top of the standard F&F components, our Retrenchment Compensation Calculator works that out separately before you fold it into this total.