To calculate severance pay, most often, it is easy for experienced and not accountants.However, there are a few things that are still worth paying attention to both the employer and the employee is fired, depending on the situation and the establishment from which an employee leaves.
Usually voluntary resignation relies unpaid employee for a certain period of time (most often in the last month) salary), and in addition, compensation for leave which has not been used (if care is not followed immediately after the holidays).However, there are several reasons for dismissal, which rely on additional compensation, such as the reduction of state enterprise or its liquidation.The main parameter which determines the severance pay - is the salary received in the last year of operation, it is calculated from the sum.
With the reduction of the employee must receive payment equal to the average monthly earnings.At the same time, if he would turn to the employment service not later than two weeks, but got a new job, then this benefit is reserved for him for three months.After that, during the same time, he will receive half of their salary.However, the prerequisite for this is a payment account in the institutions dealing with employment, periodic and mark it on the reasons why he can not get.
If the employee was on seasonal work, he is in the reduction or elimination of the institution paid his two-week average salary.In a more profitable relationships are managers who severance for reasons beyond their control (change of ownership, the decision of shareholders, etc..) To give three months' salary.Also, there are benefits to working in the Far North and equated the ground, they can receive benefits for up to 6 months.
Thus, the calculation of severance pay is as follows.First calculated the average daily earnings, calculated by dividing the accrued over the period of salary (including a variety of awards and bonuses for the past year), the number of actual days worked.The resulting number is multiplied by the number of working days during the period that the company must pay to the employee.This weekends and holidays (as opposed to the accrual of vacation or sick) are not paid.
After the severance pay accrued, it is necessary to determine the other fees and taxes.In the case where the payment is fully consistent with what stated in the Labour Code, the premiums charged on them is not necessary.If the organization has decided to pay an amount that is higher than specified in the legislative document, or in a situation that is not listed in it, you need to calculate the premiums and accrued compensation.
should be noted that certain categories of citizens have additional benefits such as increased severance pay troops when it reaches retirement age or state of health, which can get up to 20 salaries at a time, depending on the length of service.Also favorable terms for dismissal for reasons beyond their control, have some categories of civil servants (judges and so on. D.).For these payments also increased.
The fact whether the subject severance pay personal income tax, a moot point.In the event that the payment is made within the limit (three or six months, according to TC), this tax is not charged with it.If the company decided to pay an employee in excess of the prescribed by law, the amount in excess of the limit will be subject to personal income tax completely.
