Severance Payment Calculator
Calculate compensation for unfair dismissal (33 days/year) or objective (20 days/year) with its limits. Free and fast estimate.
Type of dismissal:
Annual gross salary: €
Years worked (can be decimal):
Guidance estimate. The actual compensation may vary depending on legal sections (2012 reform), limits and particularities of your contract. Consult with a professional.
About Severance Payment Calculator
Calculate compensation for unfair dismissal (33 days/year) or objective (20 days/year) with its limits. Free and fast estimate. Severance Payment Calculator is a free tool from the Finance category of RoviDev. Apply standard financial formulas so you make better decisions with your money. The results are an estimate and may vary depending on commissions, taxes or the conditions of your entity.
How to use Severance Payment Calculator
- Open Termination Payment Calculator in RoviDev (you don't need to install anything or register).
- Enter the required data in the tool form.
- Press the button and see the result instantly on the screen.
Frequently asked questions
How much is due for unfair dismissal?
33 days of salary per year worked, with a maximum of 24 monthly payments. For time worked before 02/12/2012, 45 days per year apply.
And for objective or appropriate dismissal?
20 days of salary per year worked, with a maximum of 12 monthly payments.
Is the compensation taxable in personal income tax?
Severance compensation is exempt from personal income tax up to the mandatory legal limit (with a cap of €180,000). The excess does pay taxes.
What salary is used for the calculation?
The gross daily salary, including the proration of overtime payments. That is why it is convenient to use the full annual salary divided by 365.