Core Full & Final Settlement Calculator
Settlement Summary
| Component | Amount (₹) |
|---|---|
| Pending Salary | 0 |
| Leave Encashment | 0 |
| Gratuity | 0 |
| Bonus & Incentives | 0 |
| Notice Deduction | 0 |
| Other Deductions | 0 |
Net Settlement: ₹ 0
Formula Reference
Employee Exit Timeline
- Resignation submitted – Day 0
- Notice period – Day 1 to last working day
- Full & Final settlement – Typically within 45 days (India)
Settlement Rules by Country
| Country | Typical Rule |
|---|---|
| India | F&F within 45 days of separation |
| USA | Final paycheck varies by state (e.g. same day to next pay cycle) |
| UAE | End of service benefit; settlement as per labour law |
Embed Calculator
Use this code to embed the calculator on your site:
<iframe src="https://emicalculatorapp.com/full-final-settlement-calculator.html" width="100%" height="800" title="Full and Final Settlement Calculator"></iframe>
Example Case
Employee: Monthly ₹50,000, Leave balance 8 days, Service 6 years, Basic ₹40,000. Pending salary 15 days, no notice shortfall. Approx settlement: Pending ₹25,000 + Leave ₹13,333 + Gratuity ~₹1,38,461 = ~₹1,76,794 (before deductions).
What is Full and Final Settlement?
Full and Final (F&F) settlement is the total amount an employer pays when an employee leaves. It usually includes unpaid salary, leave encashment, gratuity (if eligible), bonus/incentives, minus deductions (tax, loans, notice shortfall).
When is F&F paid? In India, payment is typically made within 45 days of separation. Exact timelines can vary by company policy and location.
FAQ
- What is full and final settlement?
- It is the final payment made by the employer when an employee leaves, covering pending salary, leave encashment, gratuity (if applicable), and other dues minus deductions.
- How is F&F settlement calculated?
- Add pending salary, leave encashment, gratuity (after 5 years), bonus/incentives. Subtract notice period deduction (if any) and other deductions like tax or loan recovery.
- How many days does settlement take?
- In India, typically within 45 days of last working day. Companies may process earlier.
- What components are included in F&F?
- Pending salary, leave encashment, gratuity, bonus/incentives, and minus deductions (tax, loans, notice pay recovery).
Related Calculators
How to Use This Tool
Step 1 – Salary: Enter your monthly salary in rupees, or drag the slider (₹10,000 to ₹2,00,000). The calculator uses this for pending salary and leave encashment.
Step 2 – Pending salary: Enter “Salary days pending” (number of days you worked in the last month but have not been paid for). Formula: (Monthly salary ÷ 30) × days.
Step 3 – Leave encashment: Enter “Unused leave days”. Many companies pay for unavailed leave. Formula: (Monthly salary ÷ 30) × leave days.
Step 4 – Notice period: If you did not serve full notice, enter “Notice period required” (e.g. 30) and “Notice period served” (e.g. 10). The shortfall is deducted from settlement: (Salary ÷ 30) × (required − served) days.
Step 5 – Gratuity: Enter “Basic salary” and “Years of service”. Gratuity is (Basic × 15 × Years) ÷ 26, and applies only after 5 years of service.
Step 6 – Bonus and deductions: Add annual bonus or pending incentives. Enter total deductions (income tax, loan recovery, other recoveries).
Click Calculate Settlement to see the breakdown. Use Download CSV for a spreadsheet, Print / PDF to save as PDF, or Share on WhatsApp / Copy link to share. This tool gives an estimate; your actual F&F depends on company policy and local laws.