Notice Period Calculation
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Dear,There is no law as such. It is up to you to make policy on this. Basically, it is a give and take situation - if you remove someone, how much you will pay. At the same moment when someone leaves and wants to pay notice pay, you deduct accordingly.Thank you,...
Hi,The appointment letter includes a clause regarding the notice period. Both parties are required to serve the notice period or provide payment if they wish to terminate their contract. For instance, if an employee's salary comprises a basic salary of 4000/-, H...
Dear Sujit,There are no specific rules for encashment of leaves. Companies prepare their own rules for this purpose. In most cases, companies process encashment at the time of full and final settlement based on the basic salary only. This is because many employe...
Normally, an appointment letter clearly states whether the salary is based on basic or gross pay. If the letter simply mentions "salary," it implies gross salary only.Pon, Chennai
Hi Dear All,I have just resigned from my company because of some family/personal reasons after 10 months of service. I did not give any notice period (one month) to my company. Now, I got an FNF letter saying that I have to pay Rs. 15,000 to the company since I ...
Rule should be the same for recovery also. They should consider gross salary for PL adjustments towards the shortfall. They are trying to exploit you. Explain and express your non-acceptance of the unilateral calculation.Pon
Thank you, pon1965,If it is the gross salary, then how can they consider PL adjustment as the Basic salary? This is also not mentioned anywhere in the Appointment Letter. Is it correct? Please comment.Thanks once again.
Hello,I have a query on the notice period calculation. In our organization, we have a policy of serving a 90-day notice period after an employee resigns. My query is: If an employee requests early relieving, how should we calculate the remaining days of the noti...
Notice period is 90 days, which is inclusive of all days, i.e., working days, holidays, and weekly offs. Therefore, if the employee has served 45 days, the remaining days must be adjusted from their leave balance or their Full and Final settlement. I hope this c...
Hi Amod,I would like to correct you on one of the points you made as follows:@amodbobade:> Hi, Time lost in June till date can be considered as non-paid leave, as generally there is no leave in the notice period, and the notice period also extends for this leave...