Finance Formula • Published on September 04, 2026 • Last updated September 04, 2026
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Immediately accessible cash, bank savings, liquid mutual funds, and fixed deposits
Post-tax layoff severance compensation paid by employer (e.g., 2–6 months salary)
Provident Fund balance and gratuity proceeds available for emergency withdrawal
Non-negotiable living costs: rent/home EMI, food, utilities, child school fees, and medical insurance
Spouse earnings, freelance income, rental yield, or dividend cashflow during job search
A Financial Runway calculates the precise number of months a household can comfortably survive during sudden unemployment, job loss, or career sabbatical without resorting to distress asset sales or predatory debt. The formula evaluates total liquid capital against a stripped-down emergency survival budget (essential necessities minus alternative income streams), empowering professionals to plan an orderly job search strategy.
Financial planners recommend a minimum of 6 to 9 months of emergency runway for salaried employees in mid-level roles, and 12 to 18 months for senior executives or niche specialists where hiring cycles take longer.
Under Section 10(10B) of the Income Tax Act, retrenchment compensation received by an employee is exempt up to the lesser of: (1) Actual compensation received, (2) Amount calculated under Industrial Disputes Act (15 days average pay per completed year of service), or (3) Statutory limit of ₹5,00,000. Any amount exceeding this limit is taxed at normal income slab rates.
Under EPFO rules, an unemployed member can withdraw up to 75% of their total accumulated EPF balance after 1 month of unemployment, and the remaining 25% after 2 consecutive months of unemployment.
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