Final Settlement Calculation

Last activity 12 October 2024 by CLEARING. BH

1153 Views

3 replies

Post new topic

rcmauhayMember10 November 2023 04:32:32

My current basic salary id BD/1659 + an allowance of BD/553 and the total monhtly lumpsum is BD/2212. Now, I am working an average of 22 days per month (5days per/week) and my annual leave entitlement is 30working days. By the end of April 2024, which is the end of my 2-year contract, I will be having a total accrued leave of 32 working days. Since I am planning to end my contract, I just need to know how much should I get based from my basic salary and 32working days leave accruals. My understanding in this regard is: Final Settlement excluding the indemnity is: Annual Leave pay = Basic pay per month/average number of working days*total accrued Leave. Ex: (1659/22)*32=BD/2413.

Your opinion is highly appreciated.

Thank you very much.

XTangBahrain/UAE/Saudi Arabia Expert10 November 2023 13:21:41

11760

I have explained it before here:

https://www.expat.com/forum/viewtopic.php?id=841333

On the phone now so can't check your calculations.

muonsfishers0xNew member12 October 2024 08:47:54

@rcmauhay How did you sort this out? Did your employer paid you on working days basis or calendar day?

CLEARING. BHMember12 October 2024 15:02:10

@rcmauhay

Now you can check through your ekey.

Articles to help you in your expat project in Bahrain

Starting a business in Bahrain
According to the World Bank Group report for 2019, Bahrain lies 3rd out of 20 nations, for ease of doing business ...
All about Jobs and Work in Bahrain
How can I find a job in Bahrain?
Doing Business in the GCC. A Simple Guide to the Westerner.
The GCC is an area which carries many stereotypes and myths. Before doing business in the Middle East it is ...
Working in Bahrain
Bahrain is a popular country with expats from all over the world, consistently ranking in surveys as one of the ...
Working in Manama
The opportunities for employment in Bahrain are wide-ranging, although, in recent years, there have been changes ...
Getting married in Bahrain
Bahrain allows anyone who resides in the country to get married, irrespective of nationality or religion. The ...
Driving in Bahrain
Expats love the freedom and convenience of driving, and many choose to purchase or rent their own car. But, ...
Opening a bank account in Bahrain
Opening a local bank account is essential for receiving your salary. The Wage Protection System (WPS) is designed ...