Salary Calculator
Convert pay between hourly, daily, weekly, monthly and annual, with optional tax and bonus.
Final Settlement Calculator
Work out an employee’s full and final settlement. The daily rate is the gross monthly salary divided by 30 or 26 days, so you choose the basis your contract uses.
Use the Final Settlement Calculator
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How to use the Final Settlement Calculator
- Enter the employee’s gross monthly salary and choose the currency.
- Choose the basis: divide by 30 days (calendar month) or 26 days (working days).
- Enter the joining date, the resignation date and the last working day, and the notice period from the contract. The tool works out the length of service, the days worked in the last month, any notice not served and the gratuity.
- Keep gratuity on (one month of gross salary for each year of service) or switch it off, and change the months per year if your policy differs.
- Add any unused leave days, notice pay owed by the employer, and fixed amounts for other additions or deductions, such as a bonus or an advance.
- Read the net settlement and the item-by-item table, then copy the summary or print it. To use your own day counts instead of the dates, type the numbers in the fields.
About this tool
The calculator keeps to one rule: daily rate = gross monthly salary ÷ 30 or 26. Salary for days worked, leave encashment and notice pay are each days multiplied by that daily rate. Notice days that the employee did not serve are deducted at the same rate. Gratuity is the gross monthly salary multiplied by the years, months and days of service. Other additions and deductions are fixed amounts that you enter. The dates add no other rule: they supply the length of service, the days worked in the last month and the notice served.
Free to use. Your inputs are processed in your browser and are not sent to our servers. Results are estimates for general information, not legal or payroll advice; see the disclaimer.
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What a final settlement includes
A final settlement (full and final settlement) is the payment an employee receives when they leave a job. It usually adds up salary for the days worked since the last pay date, payment for unused leave that the policy allows to be encashed, and any notice pay owed, plus gratuity where it is due, then subtracts what the employee owes, such as an advance or notice that was not served.
30 days or 26 days: the daily rate
Everything in this calculator depends on the daily rate. Dividing the gross monthly salary by 30 gives a rate that is slightly lower than dividing by 26, because 26 counts only working days. The choice changes every item in the settlement.
Worked example
An employee earns a gross salary of Rs 90,000 a month. In the last month they worked 12 days, have 8 unused leave days, did not serve 5 days of notice and owe an advance of Rs 10,000.
| Item | Divide by 30 | Divide by 26 |
|---|---|---|
| Daily rate (Rs 90,000 ÷ days) | Rs 3,000 | Rs 3,461.54 |
| Salary for 12 days worked | Rs 36,000 | Rs 41,538.46 |
| Leave encashment, 8 days | Rs 24,000 | Rs 27,692.31 |
| Notice not served, 5 days (deduct) | − Rs 15,000 | − Rs 17,307.69 |
| Advance recovery (deduct) | − Rs 10,000 | − Rs 10,000 |
| Net final settlement | Rs 35,000 | Rs 41,923.08 |
The same facts give about Rs 6,923.08 more on the 26-day basis, which is why the contract or policy must say which one applies.
Gratuity: the years, months and days of service
Gratuity is worked out from the joining date to the last working day, both days counted. The tool takes the gross monthly salary and multiplies it by the length of service: one month of gross salary for each completed year, one twelfth for each extra month and one three-hundred-and-sixtieth for each extra day.
| Length of service | Gross Rs 90,000 a month |
|---|---|
| 6 years, 0 months, 0 days | Rs 90,000 × 6 = Rs 540,000 |
| 3 years, 4 months, 29 days | Rs 90,000 × (3 + 4/12 + 29/360) = Rs 307,250 |
| 1 year, 6 months, 0 days | Rs 90,000 × (1 + 6/12) = Rs 135,000 |
Some employers pay a different number of months per year, or only after a minimum period of service. You can change the months per year in the tool, or turn gratuity off, to match your policy.
What this tool does not cover
It does not calculate provident fund, EOBI, income tax or other statutory entitlements, which depend on your contract and on local law. Add any such amount as an other addition or an other deduction, and check the rules with HR or a labour-law adviser. For salary tax on a monthly salary, see the Pakistan Salary Tax Calculator.
Frequently asked questions
What are the joining, resignation and last working dates used for?
They supply the day counts. The joining date and last working day give the length of service. The last working day gives the days worked in the last month (counted from the 1st of that month, or from the joining date if the employee joined that month). The resignation date and last working day give the notice served, which is compared with the notice period in the contract to find any shortfall. You can type your own numbers to override any of these counts.
Why divide by 30 or by 26?
Both are common ways to turn a monthly salary into a daily rate. Dividing by 30 treats every month as 30 calendar days. Dividing by 26 counts working days only, which fits a six-day working week. The two give different daily rates, so use the one your employment contract or company policy states.
How is leave encashment worked out here?
Unused leave days are multiplied by the daily rate. With a gross salary of Rs 90,000 and the 30-day basis, one day is Rs 3,000, so 8 unused days come to Rs 24,000. Check your policy for which leave is paid out and how many days count.
How is gratuity calculated here?
Gratuity = gross monthly salary × the years, months and days of service, counted from the joining date to the last working day. For each completed year you get one month of gross salary, each extra month adds one twelfth, and each extra day adds one three-hundred-and-sixtieth. For example, an employee on Rs 90,000 gross who served exactly 6 years gets Rs 90,000 × 6 = Rs 540,000. You can change the months of gross salary per year, or switch gratuity off, if your policy differs.
Does this include provident fund, EOBI or tax?
No. The calculator uses gross salary divided by 30 or 26 days for day-based items, and gross salary for gratuity. If your final settlement includes provident fund, EOBI, tax or other items, enter them as an other addition or an other deduction. Whether gratuity is due, and on what terms, depends on the contract, the company policy and local law.
Who decides which divisor to use?
The employment contract, the company policy and the applicable labour rules decide. If the paperwork is silent, ask your HR department or a labour-law adviser before you rely on the figure.
Is the information I enter saved?
No. Everything is calculated in your browser. Nothing is uploaded or stored, so you can use real figures safely, and nothing remains when you close the page.
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