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Bitrix24 Notice period · buyout · relieving letter
Notice period buyout calculator — leave earlier, with the letters ready
Short answer. Enter your notice, the day you resign and the last day you want: the calculator shows the days you still owe and the buyout on your contract basis. Notice period and buyout: Set by your appointment letter or company policy: how many days, whether the employer may accept pay instead of notice, and on which pay (basic or gross) (Your contract — the law does not fix them).
- A 30-day notice would end: type the date
- A 60-day notice would end: type the date
- A 90-day notice would end: type the date
Check your own case.
How notice is counted (calendar days, from which day) is in your appointment letter. These dates are only for planning.
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Notice period buyout
How much to buy out the rest of your notice — and when the final wages are due
Enter the notice from your appointment letter, the day you resign and the last day you want. You get the days you still owe, the buyout on your contract basis and the dates, with the early-release request and the relieving letter request ready below.
Want a reminder on your last working day and when the final wages are due? We send it before the date.
The calendar file works without an account. Reminders need a free account to know where to send them.- Read your appointment letter first: the notice, whether buyout is allowed and on which pay (basic or gross) are set there, not by law.
- Hand in the resignation with the early-release request below; ask HR to confirm the buyout amount and the last working day in writing.
- On the last day ask for the relieving and experience letters; if the final settlement is late, the next step is the demand letter.
Arithmetic only: the notice, buyout and its basis are terms of your contract — the law does not fix them. Buyout = days you still owe × monthly pay on the contract basis ÷ 30 (or 26). Final wages: within two working days of removal, dismissal, retrenchment or resignation (Code on Wages, 2019, s. 17(2), in force from 21 November 2025); counted here Monday–Friday from the last working day, holidays not taken off.
Meera, Layers template assistant
Check the notice clause in your appointment letter before you resign — the buyout is counted the way it is written there.
Ask HR to confirm the buyout and your last day by email. A clear email now saves a fight over the final settlement later.
An illustrated character, not a lawyer.
Deadlines
The rules, with the source
| What | Deadline | Source |
|---|---|---|
| Notice period and buyout | Set by your appointment letter or company policy: how many days, whether the employer may accept pay instead of notice, and on which pay (basic or gross) | Your contract — the law does not fix them |
| Final wages | Within two working days of removal, dismissal, retrenchment or resignation | Code on Wages, 2019, s. 17(2) |
| Labour Codes | The four Labour Codes, including the Code on Wages, are in force from 21 November 2025 | PIB, Ministry of Labour and Employment |
| Gratuity, if you are entitled | Paid within 30 days from the date it becomes payable | Code on Social Security, 2020, s. 56 (Ministry compliance handbook) |
Buyout is an agreement with your employer: ask for the amount and the last working day in writing before you rely on them.
Step by step
What to do, in order
1
Read your appointment letter
Notice days, whether buyout is allowed, and whether it is counted on basic or gross pay.
2
Count the buyout
The calculator shows the days you still owe and the amount; set off leave only if the contract allows it.
3
Resign with the request
The letter below asks for early release on payment of the buyout and names the last day you want.
4
Get it in writing
Ask HR to confirm the amount, the last working day and that it will be deducted from the final settlement.
5
On the last day
Hand over, and ask for the relieving and experience letters — the second letter below.
6
If the money is late
Final wages are due within two working days; next step — the full and final demand letter.
Questions
Can my employer refuse a notice buyout?
Buyout depends on your contract and the employer’s agreement. If your appointment letter allows pay in lieu of notice, cite that clause in your request; if it does not, the employer may still agree — ask in writing.
Is buyout counted on basic or gross pay?
On whatever your contract says. Many letters say basic, some say gross — the calculator lets you choose.
When must the final wages be paid?
Within two working days of your resignation, removal, dismissal or retrenchment (Code on Wages, 2019, s. 17(2)).
Official sources
Step 1 of 3
Leaving a job in India: the steps
- 1 Resign early: notice buyout
- 2 Demand the full and final settlement
- 3 Not paid: SAMADHAN and the labour authority
Other documents
- Bank account frozen by cyber cell?
- Cheque bounce legal notice
- Fertilizer calculator per acre
- Client not paying your invoice
- Full and final settlement demand letter
- Insurance Ombudsman complaint format
- MSME delayed payment notice
- Full and final not paid
- Statement of purpose for study abroad
- Complaint letter to bank for unauthorised transaction
Keep the papers in one place
Letters, receipts and notices in one folder you can share with family or a lawyer. The templates and the editor are free; Layers is free for up to 20 people.
This is a calculation and ready letters, not legal advice. Your contract decides the notice and the buyout.