How to use this calculator
- Enter the salary or compensation numbers requested above.
- Adjust the assumptions to match your HR policy or offer letter.
- Use the result as a planning estimate, not a legal or payroll decision.
Important note
JobKit calculators are designed for quick career planning. Company policy, tax rules, payroll breakups, and state-level deductions can change the final number.
FAQs
How is notice period buyout calculated?
A common estimate is monthly salary divided by 30, multiplied by the number of unserved notice days. Your offer letter or HR policy may use a different salary component.
Is notice period buyout calculated on basic salary or gross salary?
Many companies use basic salary, while others use gross monthly salary or fixed monthly pay. Always check your employment agreement for the exact rule.
Can this calculator be used for full and final settlement?
It can help estimate one part of the settlement, but final settlement may also include earned salary, leave encashment, bonuses, deductions, and taxes.
Is notice period buyout taxable in India?
Tax treatment can depend on the nature of payment and payroll handling. Treat this calculator as an estimate and confirm with payroll or a tax professional.