Severance Pay Calculator

Calculate your severance package, termination pay, and redundancy compensation

Last Drawn Monthly Salary (₹)

₹ 50,000

Years of Service

5 years

Notice Period (Months)

Severance Policy

Accrued Leave Balance (Days)

Include Pending Bonus?

Bonus Amount (₹)

Total Severance Package

₹ 0

Calculated based on your inputs

Severance Package Breakdown

Component	Calculation	Amount
Notice Period Pay	0 months × ₹0	₹ 0
Severance Compensation	0 years × 0 months/year	₹ 0
Leave Encashment	0 days × ₹0/day	₹ 0
Pending Bonus	As per employment	₹ 0
Total Severance	Sum of all components	₹ 0

Equivalent Monthly Salary

Months of Salary

0 months

Daily Equivalent

₹ 0/day

What is Severance Pay?

Severance pay is compensation provided to employees when their employment is terminated. It typically includes salary for notice period, additional compensation, and other benefits as per company policy or local laws.

How Severance Pay is Calculated

Total Severance = (Notice Period Pay) + (Severance Compensation) + (Leave Encashment) + (Pending Bonus)

Where:

Notice Period Pay = Monthly Salary × Notice Period (in months)
Severance Compensation = Monthly Salary × (Years of Service × Policy Multiplier)
Leave Encashment = (Monthly Salary ÷ 30) × Leave Balance Days
Pending Bonus = Bonus amount if applicable

Important Considerations

Severance pay laws vary by country, state, and employment contract
Company policies may provide better terms than statutory minimum
Consult with HR or legal expert for exact calculations
Tax implications may apply to severance payments
Keep records of all employment documents for reference