Final Settlement Calculation.
We calculate the full and final settlement when an employee leaves: salary to the last working day, leave encashment, notice pay or recovery, bonus, gratuity where due, reimbursements and recoveries, with TDS on the total. Under the Code on Wages, wages due on resignation, removal or retrenchment must be paid within two working days, so the calculation has to be ready at exit.
Typically within two working days of the last working day, provided exit inputs and clearances reach us by that day.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Employers handling resignations, terminations or retrenchments
- HR teams that need settlements ready within the two-working-day window
- Businesses with exits involving notice buy-outs, employee loans or pending incentives
What you receive at the end.
- 01Full and final settlement statement with component-wise working
- 02Final wage slip
- 03Gratuity computation, where payable
- 04TDS computation on the settlement
- 05Exit update in PF and ESI records
Final Settlement Calculation, step by step.
Typically within two working days of the last working day, provided exit inputs and clearances reach us by that day.
- 1
Exit inputs
We collect the last working day, notice served, leave balance, pending reimbursements and recoveries from HR and the reporting manager.
- 2
Entitlement check
We confirm gratuity eligibility (five years' service, or one year for fixed-term employees), bonus eligibility and leave encashment under your policy.
- 3
Settlement computation
We compute each component and the TDS on the settlement, taking into account salary and tax already paid in the year.
- 4
Review and payment
You approve the statement and release payment; we prepare the final wage slip.
- 5
Statutory close-out
We mark the exit date for PF and ESI, update the registers and share what the employee needs for PF and gratuity claims.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Resignation or termination letter and last working day
- Appointment letter or contract with notice and recovery terms
- Attendance and leave balance up to the exit date
- Pending reimbursement claims and asset or loan recovery details
- Year-to-date salary and TDS for the current tax year
- Gratuity nomination and service history
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Final Settlement Calculation.
Ready to discuss Final Settlement Calculation?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.