Employees Notice Period Recovery On Gross Or On Basic
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Hi,T K Mahu is absolutely right. However, you do not need to look at Standing Orders. The Industrial Disputes (ID) Act defines the Notice for retrenchment. The same clause is generally included in Standing Orders as well. Notice Pay, Leave Encashment, PF, Gratui...
The term Notice Pay has not been defined by any Labour Act in the sense it is referred to in the present discussion. If you take the ID Act, there is mention about "notice" to be served by an employer to retrench/discharge an employee or close down an undertakin...
Mr. Bhardwaj,The payment of the salary and deduction of salary toward the notice pay is solely governed by the terms and conditions of the appointment of the concerned employee and as and when modified by the company from time to time.Generally, there is a provi...
Hi,The notice pay deduction has to be done based on your company's terms and conditions of employment. This is only the basic amount and not the gross pay. In some cases, it is a fixed part of the salary, for example, Basic + HRA. Look for a clause in the appoin...
Hi,I have a small clarification on notice pay for employees.In the appointment letter:- For probationary employees, 30 days' notice pay is provided.- For confirmation employees, it is clearly mentioned that 60 days of basic pay is given on either side.The questi...
Notice pay (basic plus DA) is required to be paid by the incumbent employee only when he has not given notice and is leaving the organization instantly. Suppose in the terms and conditions of his employment, he has to give one month's notice, and he asks for his...
Pay means basic pay, personal pay if any, officiating pay if any, and DA. So notice pay, as mentioned in the offer, is calculated on Basic plus DA only. These are applicable in the Government Sector and Semi-Government Sectors. For the definition of pay, refer t...
In the appointment letter, it is nowhere written that the notice period recovery would be on gross or basic. In that case, can a company say that we'll recover the amount on the gross salary? As per the standard process across the industry, if the company is adj...
I am a PO working in a PSU bank. On 24.01.2017, I had decided to resign from the bank and had given a notice period of 3 months. In our bank, the clause says either the employee needs to work for a 3-month notice or make payment for the same.In the meantime, on ...
Hi, Mr. Bhardwaj,As far as my understanding goes, the notice period pay will be deducted from the gross salary. This is a common practice followed by the majority of companies. Nonetheless, you may verify this with the company policy and deduct in accordance wit...