Hi Seniors,
One of our employee resigned on 10th and gave notice till 23rd. He has worked from 1st to 23rd. We have a procedure of one month notice.
In case of full and final adjustment, who is liable to pay and how many days will be paid.
Please reply, its urgent.
Thanks,
Sandeep
From India, Gurgaon
3One of our employee resigned on 10th and gave notice till 23rd. He has worked from 1st to 23rd. We have a procedure of one month notice.
In case of full and final adjustment, who is liable to pay and how many days will be paid.
Please reply, its urgent.
Thanks,
Sandeep
From India, Gurgaon
Dear Mr. Sandeep, No problem, if LTA or Bonus is the part of CTC then you can deduct the rest amount for 7 days through these compensation components. If there is confusion then revert me.
From India, Delhi
From India, Delhi
prepare full salary for 23 days and deduct 16 days amount from the 23 days salary. this is because that he has worked till 23rd and if he is covered under the epf or esi act you have to deposit the 23 days epf and esi amount.
suppose his net salary is 10000.00
23 days salary = 7419/-
16 days salary = 5161/-
f & F amount = 2258/-
he had served only 14 days notice period.
From India, New Delhi
suppose his net salary is 10000.00
23 days salary = 7419/-
16 days salary = 5161/-
f & F amount = 2258/-
he had served only 14 days notice period.
From India, New Delhi
Thanks Anuu and akpk for the clarification, there is no adjustment of LTA and Bonus so We are paying him 7 days salary as he has served 14 days notice period and worked for 23 days.
From India, Gurgaon
From India, Gurgaon
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Hello Seniors.doc