Full & Final Settlement Calculator

Full and Final (F&F) settlement is the complete calculation and payment of all dues owed to an employee when their employment ends - whether by resignation, termination, or retirement. It reconciles everything owed to the employee against anything owed back to the employer, such as a notice period shortfall or unreturned company property and advances.

A typical F&F settlement includes: pro-rated salary for days worked in the final month, encashment of unused earned leave, gratuity (if the employee has completed 5+ years of service), any pending bonus or incentive, and reimbursement of pending expense claims - minus deductions for a notice period shortfall (if the employee leaves before serving the required notice, the employer may recover pay for the shortfall), outstanding loans or salary advances, and the value of any company property not returned.

There's no single central law prescribing an exact F&F settlement deadline across India - the Ministry of Labour has advised settling dues promptly (guidance has referenced timelines like 2 working days in some contexts), and several State Shops & Establishment Acts specify their own timelines for final wage payment after termination.

In practice, most companies commit to a specific timeline - commonly 30–45 days - in their own HR policy or the employee's appointment letter. Check your state's specific Act and your company's policy for the exact applicable deadline.