Full & Final Settlement Calculator
Calculate complete F&F settlement in one place
Full & Final Settlement Calculator is a free, browser-based tool that lets you calculate complete f&f settlement in one place — with zero signup, zero installation. Your data never leaves your browser. Part of 138+ free developer and business tools at wowhow.cloud, built and maintained by a team with 14+ years of hands-on development experience.
Net F&F Settlement
Rs 41,200
41.2 K
Service Period
4 yrs 11 mo
Total Earnings
+ Rs 41,200
Total Deductions
- Rs 0
1. Basic Details
Total contractual notice (days)
Actual days served
Pending earned/privilege leave days
2. Monthly Salary Components
Basic + DA used for gratuity and leave encashment. Current Basic + DA = Rs 26,400
3. Deductions
4. Additional Info
Any performance bonus or gratuitous payment
| Component | Amount |
|---|---|
Unpaid Salary | Rs 28,000 |
Leave Encashment | Rs 13,200 |
Gratuity | Rs 0 |
Bonus / Ex-Gratia | Rs 0 |
Total Earnings | Rs 41,200 |
Notice Recovery | Rs 0 |
Outstanding Loans | Rs 0 |
Assets Not Returned | Rs 0 |
Other Deductions | Rs 0 |
Total Deductions | Rs 0 |
| Net Settlement | Rs 41,200 |
Unpaid Salary
Rs 28,000
14 days in last month
Leave Encashment
Rs 13,200
Fully tax-free
Gratuity
Rs 0
Min 5 yrs required
Notice Recovery
Rs 0
No recovery
Labour Code 2025 — F&F Rules
- Employers must settle F&F within 2 working days of the last working day under the new Labour Codes.
- Fixed-term contract employees are eligible for gratuity after 1 year of continuous service (down from 5 years for permanent employees under the Payment of Gratuity Act).
- Leave encashment exemption limit is Rs 25 lakh (enhanced in Budget 2023, effective for all employees).
- Gratuity exemption limit is Rs 20 lakh. Amount exceeding this is added to income and taxed per applicable slab.
How calculations work
About Full & Final Settlement Calculator
Full and Final settlement is the final financial transaction between an employee and employer after resignation, termination, or retirement. It combines multiple components governed by different laws: unpaid salary (contract law), leave encashment (company policy and labour law), gratuity (Payment of Gratuity Act 1972), and notice period recovery (contract terms). Under the Labour Code 2025, settlement must happen within 2 working days of the last working day. This calculator computes all components in one place so you can verify your settlement offer before signing.
How It Works
Enter joining date, last working day, and monthly CTC components (Basic, DA, HRA, allowances). The tool calculates the pro-rata salary for days worked in the final month. Leave encashment is computed as: (Available Leave Days × Monthly Basic Salary) / 26. Gratuity is computed using the Payment of Gratuity Act formula (15 × last basic × years of service / 26) if minimum 5 years of service is completed.
Deductions are calculated separately: notice period shortfall (days × daily salary for the unconserved notice period), any outstanding loan balance, and company asset costs if applicable. The net settlement amount is: total earnings − total deductions.
Tax implications are flagged: gratuity up to Rs 25 lakh is tax-exempt, leave encashment on resignation is fully taxable, and unpaid salary is taxable as income in the year of receipt.
Who Is This For
An employee resigning with 3 weeks' notice when the contract requires 4 weeks, calculating the exact notice shortfall deduction before serving notice.
A 6-year employee leaving a company and verifying their gratuity amount and leave encashment before accepting the employer's F&F offer letter.
An HR executive preparing F&F settlement for a terminated employee within the mandatory 2-day timeline under Labour Code 2025.
A startup founder calculating the total cash outflow for settling a departing co-founder's employment contract.
Scope note: Uses Payment of Gratuity Act 1972 formulas (26-day divisor for private sector). Labour Code 2025 implementation varies by state — check your state's notification for specific compliance deadlines. Leave encashment tax treatment on resignation is fully taxable; on retirement it is exempt up to Rs 25 lakh. Company-specific policies (notice period, leave accumulation caps) must be entered manually.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Results are estimates based on publicly available tax slabs and formulas. Consult a qualified Chartered Accountant, tax professional, or financial advisor for guidance specific to your situation. Built and maintained by the WOWHOW Team with 14+ years of software development experience.
How to Use
Enter your basic details — salary, joining date, last working day
Add salary components — Basic, DA, HRA, and allowances
Enter any deductions — loans, notice shortfall, assets
View your complete F&F settlement with component-wise breakdown
Frequently Asked Questions
More Free Tools
View allNeed production-ready templates?
Browse premium developer tools, starter kits, and templates — starting at $49. Pay once, use forever.
Browse Products