Final Settlement Calculator

Work out final settlement instantly with clear inputs, formula shown and shareable results.

About Final Settlement Calculator

A full and final settlement adds pending salary, leave encashment and gratuity, then deducts notice shortfall, asset recoveries and outstanding advances. Gratuity is usually the largest single component for long service.

Formula

Final settlement

Net = pending salary + leave encashment + gratuity - recoveries

Worked example

With the default values below, Final Settlement Calculator returns Net Final Settlement of $460,000.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Pending Salaryminimum 0: 65,000
Leave Encashmentminimum 0: 90,000
Gratuity Payableminimum 0: 350,000
Recoveries And Deductionsminimum 0: 45,000

Results

Net Final Settlement: $460,000.00
Gross Amount Payable: $505,000.00
Total Recoveries: $45,000.00
Gratuity As Share Of The Settlement: 69.31%

Step by step

1Values used
2Final settlement
3Net Final Settlement= 460,000.00
4Gross Amount Payable= 505,000.00
5Total Recoveries= 45,000.00
6Gratuity As Share Of The Settlement= 69.31

Assumptions and limits

The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
In particular, this calculator does not take inflation, fees or charges or compounding frequency into account.
Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.

Frequently Asked Questions

How long should settlement take?

Many jurisdictions require payment within 30 to 45 days of the last working day.

Can an employer withhold the settlement?

Only for documented dues. Blanket withholding pending clearance is generally not lawful.