Notice Pay Calculator
Calculate the compensation in case of non-compliance with the notice period.
Total Service Period (Months) = Years × 12 + Months + Days / 30 Notice Period: • Less than 6 months: 2 weeks • 6 - 18 months (inclusive): 4 weeks • 18 - 36 months (inclusive): 6 weeks • More than 36 months: 8 weeks Dressed Gross = Gross Wage + Fringe Benefits Daily Gross = Dressed Gross / 30 Notice Days = Notice Weeks × 7 Gross Notice Pay = Daily Gross × Notice Days Stamp Duty = Gross Notice Pay × Stamp Duty Rate Income Tax = Gross Notice Pay × Income Tax Rate Net Notice Pay = Gross Notice Pay - Deductions
The general 2/4/6/8 week service period tiers are taken as the basis for the notice period calculation. Since tax rates may change, they are taken as user input.
This calculation produces approximate results for informational purposes. The right to notice pay may vary depending on the reason for termination, contract type, payroll information, tax bracket, and current legislation. For exact calculation, support should be obtained from a payroll/human resources specialist or legal advisor.
Frequently Asked Questions
What is notice pay?
It is the compensation that the party who terminates the employment contract without a just cause and without complying with the notice periods is obliged to pay to the other party.
How is the notice period determined?
It is determined according to the working period in accordance with the Labor Law. A notice period of 2 weeks is applied for employments lasting less than 6 months, 4 weeks from 6 months to 1.5 years, 6 weeks from 1.5 years to 3 years, and 8 weeks for employments lasting more than 3 years.
What is the difference between gross and net notice pay?
The net amount is reached by making income tax and stamp duty deductions from the gross notice pay. No insurance premium deduction is made.
Why is income tax entered as an input?
Since the tax bracket (e.g. 15%, 20%, 27% etc.) in which the employee is located according to their cumulative tax base within that year may vary, the user must enter the correct rate.
Does this calculation give a definitive result?
No, this tool aims to inform based on approximate values. For definitive and legal results, it is recommended that you consult with your payroll/human resources department or legal advisor.
