When an employee leaves before completing their full notice period, most employment contracts require payment in lieu of the unserved days. This calculator estimates that buyout cost.
How to Use This Calculator
- Enter your monthly gross (or CTC-based) salary as specified in your contract.
- Enter your total notice period in days.
- Enter how many days you plan to actually serve.
- View the estimated buyout amount for the unserved days.
How the Calculation Works
Per-Day Salary = Monthly Salary ÷ 30 (or as defined in your contract)Buyout Amount = Per-Day Salary × Unserved Notice Days
Worked Example
Monthly salary ₹75,000, 30-day divisor, 20 unserved notice days: Per-day salary = ₹2,500. Buyout = ₹2,500 × 20 = ₹50,000.
Who Should Use This
Employees negotiating an early exit or a new employer's joining date, and HR teams calculating recovery amounts for early relievers.
Important Considerations
Which salary figure (gross, CTC, or basic) and which day-count convention (30 days flat, or actual calendar days) apply depends entirely on your employment contract — this calculator is a general estimator, not a substitute for your contract's exact clause.
Common Mistakes
Using CTC instead of the salary basis specified in the notice-pay clause of your contract can significantly change the buyout figure.
References
See also the Salary Hike Calculator when evaluating a new offer against a buyout cost.