Calculate your last working day and notice period buyout.
When you resign from a company, you are typically required to serve a notice period (often 30 to 90 days) as per your employment contract. This calculator helps you determine your exact last working day and potential buyout costs.
If you wish to leave the company before completing your full notice period, and the employer agrees, you can "buy out" the remaining days. Conversely, if the employer asks you to leave early, they must pay you the salary for the unserved notice period (called pay in lieu of notice).
Generally, notice period recovery or buyout is calculated on your Basic Salary (not your Gross or CTC).
Buyout Amount = (Basic Salary / 30) × Unserved Notice Days
Note: Some companies calculate buyout on Gross Salary. Always check your offer letter for the exact clause.