News & Media 13th Apr 2026
Our Partner, Vivek Daswaney a shares his insight in The Economics Times, “Laid off by Oracle? Here’s how to calculate your severance pay and legal entitlements.”
He highlighted that the computation of severance in India is not uniform and depends primarily on whether the employee qualifies as a ‘worker’. For employees classified as ‘workmen,’ severance (i.e., retrenchment compensation) is governed by a statute and is calculated at a minimum of 15 days’ average pay for every completed year of continuous service, as prescribed under the Industrial Disputes Act, 1947, and retained under the Industrial Relations Code, 2020. For managerial or senior employees (non-workmen category), severance is largely contractual and depends on company policy, appointment letter or negotiated terms.
As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.