IT Service Bond Calculator
Plan your exit strategy. Estimate dynamic prorated service bonds, unserved notice buyouts, and 18% GST liabilities with legal safety guidelines.
TCS enforces a ₹50,000 service agreement for 1 year, plus ₹28,000 flat training charge if leaving early.
1. Service Bond Parameters
2. Notice Period & Salary Buyout
Include 18% GST Surcharge
Standard Indian taxation on salary/bond breach recovery by companies.
Exit Liability Locked
Please click "Calculate Exit Liability" below to dynamically scan exit liability, unserved notice period buyout costs, and GST surcharges!
Relieving Document Security
Experience & Relieving Letter
Action Needed: MNCs generally hold relieving documents until all F&F dues (bond/notice period) are cleared.
UAN & Provident Fund Sync (Safe)
Provident Fund is a statutory government right. Your UAN and PF balances cannot be legally frozen or blocked under any circumstances!
Next Job Background Verification (BGV)
If letters are blocked, submit your Resignation Acceptance email, joining payslips, and Bank statements showing salary credits to bypass your next BGV check seamlessly.
Section 74 Contract Act Legal Guide
Everything you need to know about the enforceability of employment bonds in India.
Key Court Ruling Facts (India)
- Courts in India (such as the High Court and Supreme Court) hold that employment agreements restricting the right to trade or work are void under Section 27 of the Indian Contract Act.
- Companies can only claim reasonable compensation for onboarding and actual specialized training expenditure.
- If the company did not provide specialized training (e.g. they only placed you on normal project work), recovery demands are rarely legally sustainable in a court of law.
Practical Exit Tips
- PF Sync is Automagic: A company has no control over PF withdrawals or transfers.
- PF/UAN sync is handled directly via EPFO portal. It cannot be touched!
- Leverage Notice Buyout Reimbursements: Most tier-1 product organizations will reimburse your unserved notice period buyout fee to secure your early onboarding!
Career Exit & Agreement FAQs
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LearnTube India Employment Bond Audit
Official Candidate Prorated Agreement & Notice Period Exit Ledger
Company Agreement Ruleset:
TCS (Tata Consultancy Services)
Total Agreed Bond Duration:
12 Months
Completed Service tenure:
4 Months Served (33% complete)
Notice Period Buyout:
60 Days unserved
Evaluated Exit Dues Ledger
| Exit Component | Calculation Basis | Computed amount |
|---|---|---|
| Prorated Agreement Bond Penalty | (8 months left / 12 total months) × ₹50,000 | ₹33,333 |
| Notice period buyout (basic salary) | 60 unserved days × ₹500.00/day basic salary | ₹30,000 |
| Flat training recovery costs | Flat enablement training claims recovery fees | ₹28,000 |
| 18% GST liability surcharge | Accrued under supply of services rules recovery | +₹16,440 |
⚠️ Important Statutory Right Advisories:
- Provident Fund (UAN) is statutory government property. Under EPFO regulations, an employer cannot hold back or freeze UAN or PF transfers.
- Section 74 of the Indian Contract Act restricts recoveries to actual reasonable expenses. Arbitrary penalties are not legally enforceable.