Tools & CalculatorsStatutory payouts
Retrenchment Compensation
15 days' average pay per completed year, plus notice pay and re-skilling fund.
Inputs
Results
Retrenchment compensation
₹1,41,346
Completed years counted
7
| Daily wage (monthly ÷ 26) | ₹1,346.15 |
| Completed years (rounded up beyond 6 months) | 7 |
| Retrenchment compensation payable | ₹1,41,346 |
| 1 month's notice pay (or pay in lieu) | ₹35,000 |
| Employer Re-skilling Fund contribution (not paid to worker) | ₹20,192 |
Re-skilling Fund contributions are credited to the fund, not to the retrenched worker.
More statutory payouts
Indicative figures
This calculator is for illustration only. Rates, wage ceilings and state slabs change by notification — verify the assumptions shown above against the latest gazette notification or circular before relying on a figure.
Check the regulatory update feedTurn these numbers into a compliance calendar
Complyuva maps applicable Acts to every company, computes due dates and sends deadline alerts.
Start free