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About this tool
Estimate your F&F settlement from pending salary, leave encashment, gratuity, bonus and notice or loan recoveries.
The Full and Final Settlement Calculator adds up everything owed when you leave a job and subtracts what the company recovers. It works out unpaid salary days at your per-day rate, leave encashment on Basic + DA, statutory gratuity using the 15/26 formula from the Payment of Gratuity Act, plus pending bonus and reimbursements — then nets off notice shortfall, advances and TDS. Use it to sanity-check the F&F sheet HR sends you before you sign it.
Open Full and Final Settlement Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Pending salary, leave encashment, gratuity, bonus, reimbursements and each deduction are itemised separately.
Applies the 15/26 formula, rounds part-years over six months up, and caps the payout at the 20 lakh statutory limit.
If notice recovery and advances exceed your dues, the tool flags the amount you would owe back instead of showing a false positive.
Add unpaid salary for days worked in the final month, encashment of unused earned leave, gratuity if eligible, and any pending bonus or reimbursements. From that total, subtract notice period shortfall, outstanding loans or advances, unreturned asset costs and TDS.
The Payment of Wages Act requires wages due on termination to be paid by the second working day after the last working day, and the Code on Wages 2019 sets a two-working-day limit. In practice most companies release F&F in 30 to 45 days, and many state shops-and-establishment rules allow a similar window.
For employees covered by the Payment of Gratuity Act, gratuity equals 15 divided by 26, multiplied by last drawn Basic + DA, multiplied by completed years of service, with a part-year over six months rounded up. Eligibility normally needs five years of continuous service, and the payout is capped at 20 lakh.
For non-government employees, leave encashment received on resignation or retirement is exempt under section 10(10AA) up to a lifetime limit of 25 lakh, and the exemption is also limited by the average salary and leave-days tests in that section. Anything beyond the exempt amount is taxed as salary. This is general information, not tax advice.
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