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Friday , December 4 2020

Indemnity calculation

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 1 April, 2014. My salary is KD 630. What will be the total indemnity when I will receive from my company?

Name withheld
Answer: By Jan 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 devided by 26 (working days in a month) = 2.88 months salary.

For the remaining 9 months you get 0.75 month 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

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