Notice Pay Calculator

When an Indian appointment letter says 30 days’ notice, leaving earlier often means paying salary in lieu, or the employer paying you if they waive the time. A common payroll sketch is monthly salary × days / 30. On ₹60,000 and 30 days that is ₹60,000. Whether your contract uses 30, 26 or calendar days is a clause, not this website.

The cash-flow question

Developers in Hyderabad serving 90-day notices and retail staff in Lucknow serving 15 days both ask HR for a buyout figure. IndiaKit shows the 30-day-month sketch so you can see the rupee scale before you negotiate. It is not a legal opinion on whether the clause is enforceable in your state labour forum.

The maths on this page

Notice pay = monthly salary / 30 × notice days. Defaults ₹60,000 and 30 days → ₹60,000. A 15-day buyout at the same salary would be ₹30,000 in this sketch.

Some companies use gross, some use basic, some use CTC/12. Type the base your HR named in the relieving policy. Stock unsold options and joining-bonus clawbacks are extra clauses.

The Standing Orders, Shops and Establishments Act in your state, and the appointment letter together matter. This page cites none of them as a verdict.

A 30-day buyout on ₹60,000 in Hyderabad

Kavya wants to join a new firm in Hyderabad before her 30-day notice ends. Her current monthly salary for notice purposes is ₹60,000. The calculator shows ₹60,000 in lieu. She asks HR whether they use gross or basic, because a basic-only base would be smaller.

What a bank still has to confirm

Indicative 30-day-month arithmetic. Garden leave, non-compete, and withheld relieving letters are not priced. Not legal advice.

Common questions

Is dividing by 26 more accurate?

Some factories use 26-day months for wage calculations. If your HR policy says 26, the result here will be higher than their worksheet. Match their denominator.

Can an employer refuse a buyout?

Often yes if the contract demands serving time. This tool cannot force a relieving date. Speak to HR and, if needed, a labour lawyer.

Does notice pay attract income tax?

It is generally taxable salary. TDS may apply. Confirm with payroll; this page does not compute tax.