Full and Final Settlement
FnF Calculator
Calculate your full and final settlement accurately with our free FnF calculator. This tool helps HR teams and employees determine the complete final settlement amount including unpaid salary, leave encashment, gratuity, bonus, EPF, and other dues using the correct full and final settlement calculation formula.
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Salary Information
Leave & Service Details
Bonus & Additional Benefits
Benefit Eligibility
Deductions
Full and Final Settlement Breakdown
Earnings
Deductions
Final Settlement Summary
Total Net Payable
Not eligible for gratuity (requires 5+ years of service)
Important Notes:
- This calculation provides an estimate based on standard formulas
- Actual amounts may vary based on company policy and applicable deductions
- Income tax calculation is simplified - actual TDS may vary based on annual income
- Gratuity is applicable only after 5 years of continuous service
- Pension benefits typically require 10+ years of pensionable service
- EPF amount shown is monthly employee contribution for reference
- Actual EPF withdrawal amount depends on accumulated balance in EPFO account
Calculation Formula
Unpaid Salary: (Unpaid Days × Gross Salary) ÷ 26 = (0 × ₹50,000) ÷ 26 = ₹0
Leave Encashment: (Leave Balance × Basic Salary) ÷ 26 = (20 × ₹25,000) ÷ 26 = ₹0
Bonus: (Basic + DA) × 8.33% = ₹0
EPF: 12% × (Basic + DA) = 12% × (₹25,000 + ₹2,500) = ₹0
Net Settlement: Gross Earnings - Total Deductions =₹0 - ₹0 = ₹0
Step-by-Step Guide
How to calculate full and final settlement?
Calculate your employee's complete final settlement accurately using our full and final settlement calculation formula in 4 simple steps:
Enter Salary & Service Details
Input the employee's gross monthly salary, basic salary, dearness allowance, unpaid days, leave balance, and years of service. These form the foundation for all full and final settlement calculations.
Configure Bonus & Benefits
Set bonus type (percentage or fixed amount), add reimbursables for pending claims, and select EPF and pension eligibility based on company policy and employee tenure.
Add Applicable Deductions
Enter deductions including income tax percentage, professional tax, outstanding loans, notice period compensation, and other company-specific deductions that need to be recovered.
Review Complete Settlement
Get the detailed FnF breakdown showing all inclusions, deductions, gross amount, total deductions, and net final settlement amount using standard calculation formulas.
Frequently asked questions
Visit our full FAQ page or get in touch with Frederic, our Customer Support Officer and Founder of PayrollRabbit.
- Full and Final Settlement (FnF) is the process of clearing all financial obligations between an employer and departing employee. It includes calculating and settling all dues owed to the employee (like unpaid salary, leave encashment, gratuity, bonus) and recovering any amounts owed by the employee (like outstanding loans, notice period compensation) before they leave the organization.
- The full and final settlement calculator is a free tool developed by PayrollRabbit to help HR teams and employees calculate the complete full and final settlement amount. It uses standard formulas to compute unpaid salary, leave encashment, gratuity, bonus, EPF, and pension benefits based on employee details like salary, service years, and leave balance.
- The main components include: Unpaid Salary (for last working month), Leave Encashment (for unused leaves), Bonus/Incentives (performance-based or fixed), Gratuity (for 5+ years service), Reimbursables (pending expense claims), EPF Payout (provident fund benefits), and Pension (for 10+ years service). The exact components depend on company policy and employee eligibility.
- According to Indian labor laws, companies typically take 45-90 days to process final settlement. However, the newly passed Code on Wages mandates settlement within 2 days of the employee's last working day (pending state approval). Gratuity specifically must be paid within 30 days of separation, otherwise interest applies.
What is Full and Final Settlement (FnF)?
What is the FnF Calculator?
What components are included in full and final settlement calculation?
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