Notice Pay Calculator

According to the Labor Law, notice periods are determined by length of service: less than 6 months: 2 weeks, 6-18 months: 4 weeks, 18-36 months: 6 weeks, more than 3 years: 8 weeks.

Income tax (15-40% brackets) and stamp tax (0.759%) are deducted from notice pay. Unlike severance pay, notice pay is subject to income tax.

The party that fails to comply with the notice period pays the compensation. If the employer terminates without notice, they pay the employee; if the employee resigns without notice, they pay the employer.