Kuwait Indemnity Calculation after 5 Years

Employees in Kuwait can calculate indemnity after 5 years of service using an online indemnity calculator or a set of simple calculations based on precise length of service, monthly salary, and paid leave balance.

Kuwait Indemnity Calculation after 5 Years

To calculate the end of service indemnity due to employees in Kuwait after five years of service, you must first calculate the indemnity for the years, then calculate the indemnity due for the months and days exceeding five years, You must also calculate indemnity for unused paid leave, and then add the previous Compensation to arrive at the total amount. ^[1]

See More: Indemnity Calculation for 2 Years Salary | Indemnity Calculation After 10 Years | How to Calculate Indemnity

Kuwait Indemnity Calculator after 5 Years

Below you can find the end of service indemnity calculator in Kuwait after 5 years:

How to Use Kuwait Indemnity Calculator after 5 Years

You can follow the simple steps below to calculate your Kuwait indemnity after five years of service using the indemnity calculator:

• Input your start date in year, month, and day.
• Input your end date in year, month, and day.
• Input your final monthly salary in Kuwaiti dinars.
• Input the number of unused paid vacation days.
• Click “Calculate Indemnity“.
• Verify end of service indemnity.

How to Calculate Kuwait Indemnity after 5 Years

You can calculate indemnity in Kuwait after 5 years of service by calculating the daily salary, the length of service in years, months, and days, and determining the number of unused paid vacation days. Then, perform the calculations below:

Calculating Kuwait Indemnity for 5 Years

You can use the simple calculation below to calculate indemnity in Kuwait for 5 full years:

• Indemnity for 5 years = (daily salary x 15) x 5 years

Calculating Indemnity for months and days exceeding 5 years

You can use the simple calculation below to calculate indemnity in Kuwait for months and days exceeding 5 years:

• Monthly indemnity = (Number of months ÷ 12) x (daily salary x 30)
• Daily indemnity = (Number of days ÷ 365) x (daily salary x 30)

Calculating Indemnity for Paid Vacation

You can use the simple calculation below to calculate indemnity in Kuwait for unused paid vacation:

• Paid vacation indemnity = (Number of unused paid vacation days) x daily salary

Calculating Total Kuwait Indemnity after 5 Years

You can use the simple calculation below to calculate total indemnity after 5 years:

• Total indemnity = Indemnity for 5 full years + Indemnity for additional months + Indemnity for days + Indemnity for paid vacation.

See More: Indemnity Calculator | Indemnity Law | How to Claim Indemnity

Example of Kuwait Indemnity Calculation after 5 Years

Suppose Ahmed has worked for a private company in Kuwait for 5 years, 3 months, and 12 days. His monthly salary is 1,196 Kuwaiti dinars, and he has 7 days of unused paid vacation. What is the value of his bonus?

• Daily salary = 1,196 KWD ÷ 26 days = 46 KWD
• End of service gratuity for 5 years = (46 KWD x 15) x 5 years = 3,450 KWD
• End of service gratuity for months = (3 months ÷ 12 months) x (46 KWD x 30) = 345 KWD
• End of service gratuity for days = (12 days ÷ 365 days) x (46 KWD x 30) = 45.36 KWD
• Paid leave balance = (7 days) x 46 KWD = 322 KWD
• Total gratuity = 3,450 KWD + 345 KWD + 45.36 KWD + 322 KWD = 4,162.36 KWD

Conclusion

Whether indemnity is calculated in Kuwait using a indemnity calculator or mathematical equations, the resulting indemnity is one of the employee’s rights at the end of his employment contract.