CALCULATION NG INDEMNITY

Please help me calculate my indemnity. I have resigned from my company and my last working day is 31 January 2020. My joining date in this company was April 1, 2014. My salary is KD 630. What will be the total indemnity when I will receive from my company?

NAME WITHHELD

ANSWER: By January 31, 2020, you had put in about 5.75 years of service.

Your indemnity calculation will therefore be as follows: 15 days salary for each of the first five years of service=75 days but this has to be divided by 26(working days in a month)= 2.88 month salary.

For the remaining 9 months your get 0.75 monthly salary which gives a total of 2.88+0.75=3.63 months salary.

You multiply 3.63 by KD 630(your monthly salary)= KD 2,286.900.

As you are resigning with over five years but less than ten years of service, you are entitled to two-thirds of this total=KD 1,524.600

 

SOURCE: ARAB TIMES ONLINE