Notice Period Buyout Calculator

Calculate your settlement amount based on your notice period and salary

Include basic salary + allowances
As per your employment contract
How many days of notice have you already served?
Monthly bonus, commission, or incentives (optional)
Remaining leaves you haven't taken (optional)

Understanding Notice Period Buyout

When you resign or are asked to leave an organization, you typically have to serve a notice period as specified in your employment agreement. A notice period buyout allows you to leave immediately while your employer pays for the remaining days.

Key Components of Settlement:

  • Buyout Amount: Salary for remaining notice period days
  • Leave Encashment: Payment for unused vacation days
  • Worked Days Salary: Pro-rata salary for days already worked
  • Variable Pay: Bonus or incentives calculated on a pro-rata basis
  • Tax Implications: Most settlements are subject to TDS (Tax Deducted at Source)

Note: Tax treatment varies by employer and agreement. Always consult with your accountant or HR for personalized advice.