Severance Pay Calculator
Calculate your severance pay (layoff compensation) based on years of service.
Severance Terms
5 Years
2 Weeks
Legally mandated minimum is ~2 weeks (15 days) in India.
Severance Package
Estimated Payout
₹115,473
Often paid as a lump sum during layoffs or retrenchment.
Know your rights
In India, the Industrial Disputes Act mandates 15 days of average pay for every completed year of service as retrenchment compensation for eligible “workmen”. Many private companies also offer severance packages ranging from 1 to 3 months of salary.
Frequently Asked Questions
What is severance pay?
It is the compensation paid to an employee who is retrenched or laid off by the employer.