Indemnity Calculation for 2 Years Kuwait Salary

Indemnity for 2 Years Kuwait Salary can be calculated online or by performing a set of simple calculations based on the exact length of actual service, the monthly salary, and the number of unused paid vacation days.

Indemnity Calculation for 2 Years Kuwait Salary

calculations in Kuwait for 2 years’ salary can be calculated by calculating indemnity for years of service, then calculating indemnity for additional months and days, if any, and calculating the balance of unused paid leave. Then, add the above amounts together to arrive at the total indemnity. ^[1]

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

Indemnity Calculator for 2 Years Kuwait Salary

Below you can find the indemnity calculator for 2 years’ salary in Kuwait:

How to Use Indemnity Calculator for 2 Years Kuwait Salary

You can follow the simple steps below to calculate indemnity for two years’ salary in Kuwait using the indemnity calculator:

• Input the start date of the employment contract in the “Start Date” field.
• Input the end date of the employment contract in the “End Date” field.
• Input the monthly salary at the end of the employment contract in the “Monthly Salary” field.
• Input the number of unused paid leave days in the “Unpaid Leave Days” field.
• Click “Calculate Indemnity“.
• Check the details of the indemnity due .

How to Calculate Indemnity for 2 Years Kuwait Salary

You can follow the simple steps below to calculate indemnity for 2 years’ salary in Kuwait:

• Calculate the daily salary by dividing the monthly salary by 26 days.
• Calculate indemnity for two years.
• Calculate indemnity for months exceeding two years.
• Calculate indemnity for days exceeding two years but less than one month.
• Calculate indemnity for unused paid vacation.
• Add the indemnity for the two years, months, days, and paid vacation to arrive at the total indemnity.

Calculating Indemnity for 2 Years in Kuwait

You can use the simple calculation below to calculate indemnity in Kuwait for 2 full years:

• Indemnity for two years = (daily salary x 15) x 2 years

Calculating Indemnity for months and days exceeding 2 years

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

• Monthly indemnity = (Number of months ÷ 12) x (daily salary x 15)
• Daily indemnity = (Number of days ÷ 365) x (daily salary x 15)

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 Indemnity for 2 Years Kuwait Salary

You can use the simple calculation below to calculate total indemnity for 2 years’ salary in Kuwait:

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

See More: Indemnity Calculation after 5 Years | Indemnity Calculation After 10 Years | How to Calculate Indemnity

Example of Indemnity Calculation for 2 Years Kuwait Salary

Suppose Noah worked for a private company in Kuwait for 2 years, 3 months, and 10 days. His monthly salary is 1,430 Kuwaiti dinars, and he has 9 unused paid vacation days. What is the value of his bonus? Daily salary = 1,430 KWD ÷ 26 days = 55 KWD

• End of service gratuity for two years = (55 KWD x 15) x 2 years = 1,650 KWD
• End of service gratuity for months = (3 months ÷ 12 months) x (55 KWD x 15) = 206.25 KWD
• End of service gratuity for days = (10 days ÷ 365 days) x (55 KWD x 15) = 22.60 KWD
• Paid leave balance = (9 days) x 55 KWD = 495 KWD
• Total gratuity = 1,650 KWD + 206.25 KWD + 22.60 KWD + 495 KWD = 2,373.85 KWD

Conclusion

Calculating indemnity for two years’ salary in Kuwait helps determine an employee’s financial rights. Whose employment contract has ended without any legal reasons preventing him from receiving indemnity in accordance with the Kuwaiti Labor Law.