Free calculators · India · FY 2026-27
Full and final settlement calculator
Leaving your job? See what your final settlement should come to, and check it against what HR sends.
Your full and final
₹1,58,462 in hand
₹1,58,462 due, minus ₹0 recovered and about ₹0 tax.
| Salary for the last month (paid in payroll) | ₹0 |
|---|---|
| Leave encashment (15 days) | ₹20,000 |
| Gratuity (6 years) | ₹1,38,462 |
| Total due | ₹1,58,462 |
| Estimated tax (TDS) | − ₹0 |
| You receive | ₹1,58,462 |
Tax-free: ₹20,000 of leave encashment and ₹1,38,462 of gratuity. Salary, bonus and anything above those limits is taxed at your rate.
The Code on Wages asks for final dues within two working days of leaving; many companies still take 30 to 45 days. Your PF is separate: transfer it to your new employer's account.
How it's worked out
You're paid for the days you worked in your last month (gross ÷ days in that month × days worked), unless that salary comes through the normal payroll.
Unused earned leave is encashed at basic + DA ÷ 30 a day (some companies use ÷ 26). When you resign, it's tax-free up to the least of ₹25 lakh, the amount and 10 months' average basic.
Gratuity is 15/26 of your last basic + DA for each year of service, after 5 years (1 year on a fixed-term contract); up to ₹20 lakh is tax-free. Notice buyout and other recoveries are then taken off, and tax is estimated on the taxable part at your own rate.
Rules and sources
Uses the rules for FY 2026-27 (income-tax slabs, PF ceiling and interest, gratuity, HRA cities), last checked on 10 November 2026. We update them when a Budget or notification changes them.
- Income Tax Department: slabs, rebate and deductions
- EPFO: PF wage ceiling (₹25,000 from 17 Sep 2026)
- EPFO: contribution rates and interest
- Ministry of Labour: the Labour Codes (gratuity)
These are estimates for salaried people below 60, not tax advice. Your payslip can differ: employers structure pay differently, and professional tax has lower slabs we don't show. Check big decisions with your employer's HR or a tax adviser.
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