PTO Payout
Free PTO Payout calculator with clear step-by-step results.
About PTO Payout
Converts salary into a daily rate using actual working days rather than calendar days, applies the payable cap, and shows separately the value of any accrued days that exceed it - which is the figure that should drive whether you take the leave instead of banking it.
Formulas
Daily rate
Rate = annual salary / working days per year
Gross payout
Gross = min(accrued days, payable cap) x daily rate
Worked example
With the default values below, PTO Payout returns Net payout after deductions of $1,993.10. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Annual salaryminimum 0 $
- 68,000 $
- Accrued unused daysaccepts 0–200 days
- 12 days
- Working days per yearaccepts 1–366
- 232
- Maximum days payableaccepts 0–200 days
- 10 days
- Tax and deductions on the payoutaccepts 0–70 %
- 32 %
Results
- Net payout after deductions
- $1,993.10
- Gross payout
- $2,931.03
- Daily rate of pay
- $293.10
- Value of days above the cap
- $586.21
Step by step
- 1Values used
- 2Daily rate
- 3Gross payout
- 4Net payout after deductions= $1,993.10
- 5Gross payout= $2,931.03
- 6Daily rate of pay= $293.10
- 7Value of days above the cap= $586.21
Assumptions and limits
- The result is derived only from the 5 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation or fees or charges 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.
- Not legal or tax advice. Entitlement to payment for accrued leave, carry-over limits and the tax treatment of payouts are set by employment law, contract and local tax rules.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Not legal or tax advice. Entitlement to payment for accrued leave, carry-over limits and the tax treatment of payouts are set by employment law, contract and local tax rules.
Frequently Asked Questions
Is unused leave always paid out?
No. Some jurisdictions require payment of statutory accrued leave on termination, others permit use-it-or-lose-it policies for contractual leave above the statutory minimum. Contract and local law both matter.
Why is the tax rate so high?
A lump-sum payout stacks on top of final-period pay and is often taxed at the top marginal rate, sometimes with a flat supplemental withholding rate applied.