Full and Final Settlement Calculator

Overview

The Full & Final Settlement Calculator is a powerful tool designed to help calculate employee settlements upon their departure from an organization. This guide will walk you through all features and functionalities.

Basic Information Section

Setting Up Employee Details

1. Basic Salary: Enter the employee’s monthly basic salary amount
   • Must be a positive number
   • Required field
   • Excludes allowances
2. Joining Date: Select the employee’s first day of work
   • Used for service period calculation
   • Affects gratuity eligibility
   • Must be before Last Working Date
3. Last Working Date: Select the employee’s final day
   • Used for pro-rata salary calculation
   • Must be after Joining Date
4. Unpaid Leaves: Enter number of unpaid leave days
   • Optional field
   • Deducted from final settlement

Additional Components

Managing Allowances

1. Click “+ Add Allowance” button
2. Enter allowance name (e.g., “House Rent Allowance”)
3. Enter amount
4. Use “×” button to remove if needed

Managing Deductions

1. Click “+ Add Deduction” button
2. Enter deduction name (e.g., “EPF”, “LWF”, “Loan Recovery”)
3. Enter amount
4. Use “×” button to remove if needed

Special Calculations

Gratuity

Automatically calculated for employees with 5+ years of service

Pro-rata Salary

Calculated based on days worked in the final month

Results and Review

Understanding the Results

• Total Earnings: Sum of all positive components (green)
• Total Deductions: Sum of all negative components (red)
• Net Settlement: Final amount after all calculations

Troubleshooting

Common Issues

• Verify all required fields are filled
• Check date ranges are logical
• Ensure numerical values are positive
• Verify tax toggle status if applicable