Dear Friend Could you please send a format for salary advance requisition. Regards Praseeda
From India, Thiruvananthapuram
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2From India, Thiruvananthapuram
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GENERAL POLICY FOR ADVANCE FOR STAFF
The following norms are to be followed for staff advances w.e.f. 1st April 2009.
1. One is eligible to apply for staff advance only if one has served in the Company for more than EIGHT MONTHS continuously.
2. The maximum advance available is one month's gross salary only. In some extraordinary circumstances, the limit may be raised to three months' gross salary.
3. The minimum deduction per month will be at least 25% of one month's gross salary.
4. An employee having a balance of a previous advance cannot take further advance until the previous balance is fully repaid.
5. The application for advance must be made in the standard format. The form is available with the Personnel Department.
6. The application will be routed as follows:
Step 1: Make an application in the prescribed format and hand over for the approval of the HOD. The HOD will approve and forward the application to the Accounts Dept.
Step 2: The Accounts Dept. shall verify and forward it to the Personnel Dept.
Step 3: The Personnel Dept. will satisfy all conditions and make necessary endorsements on the application.
Step 4: The Personnel Dept. shall obtain the final approval from the Director, and such approved application will be returned to the Accounts Dept. for payment. It is the discretion of the Director to grant or refuse an application, even if otherwise eligible.
7. All staff advances will be paid by cheque to those employees whose salary is paid through a cheque or if the advance amount is Rs. 20,000 or above. Others can be paid in cash if the salary is otherwise paid in cash.
8. Before collecting the Advance Cheque, it is necessary for staff to deposit PDCs of the same amount to the Accounts Department.
(Designation of the person who will sign the policy)
Distribution
1. Office Copy
2. Accounts Department
APPLICATION FOR STAFF ADVANCE
The Director
(Name and address of the company) Date _________________
Dear Sirs,
I, _____________________(name), designated as ______________________(designation) in the _____________________________(dept.), request an advance of Rs______________ deductible @ Rs____________ per month from my salary.
For the purpose of_____________________________ __________________________________________
Thanking you,
Yours faithfully,
(Signature)
Approved Refused
Comment: (if any)______________________________________________ _________________________
Date: Name and Signature of HOD
There is no previous balance. Forwarded to Personnel Dept approval.
The applicant had availed Rs.____________ on _____________, and Rs______________ is yet to be repaid. Hence the application is referred back to the HOD.
Date: Manager (Accounts)
The above application is in order, and the employee is eligible for applying for an advance. Rs. __________, which is deductible @ Rs.__________ p.m.
Refused
Date: Manager (Personnel)
Approved for payment. for Rs__________________ which will be deductible @ Rs________ per month.
Director
From India, New Delhi
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The following norms are to be followed for staff advances w.e.f. 1st April 2009.
1. One is eligible to apply for staff advance only if one has served in the Company for more than EIGHT MONTHS continuously.
2. The maximum advance available is one month's gross salary only. In some extraordinary circumstances, the limit may be raised to three months' gross salary.
3. The minimum deduction per month will be at least 25% of one month's gross salary.
4. An employee having a balance of a previous advance cannot take further advance until the previous balance is fully repaid.
5. The application for advance must be made in the standard format. The form is available with the Personnel Department.
6. The application will be routed as follows:
Step 1: Make an application in the prescribed format and hand over for the approval of the HOD. The HOD will approve and forward the application to the Accounts Dept.
Step 2: The Accounts Dept. shall verify and forward it to the Personnel Dept.
Step 3: The Personnel Dept. will satisfy all conditions and make necessary endorsements on the application.
Step 4: The Personnel Dept. shall obtain the final approval from the Director, and such approved application will be returned to the Accounts Dept. for payment. It is the discretion of the Director to grant or refuse an application, even if otherwise eligible.
7. All staff advances will be paid by cheque to those employees whose salary is paid through a cheque or if the advance amount is Rs. 20,000 or above. Others can be paid in cash if the salary is otherwise paid in cash.
8. Before collecting the Advance Cheque, it is necessary for staff to deposit PDCs of the same amount to the Accounts Department.
(Designation of the person who will sign the policy)
Distribution
1. Office Copy
2. Accounts Department
APPLICATION FOR STAFF ADVANCE
The Director
(Name and address of the company) Date _________________
Dear Sirs,
I, _____________________(name), designated as ______________________(designation) in the _____________________________(dept.), request an advance of Rs______________ deductible @ Rs____________ per month from my salary.
For the purpose of_____________________________ __________________________________________
Thanking you,
Yours faithfully,
(Signature)
Approved Refused
Comment: (if any)______________________________________________ _________________________
Date: Name and Signature of HOD
There is no previous balance. Forwarded to Personnel Dept approval.
The applicant had availed Rs.____________ on _____________, and Rs______________ is yet to be repaid. Hence the application is referred back to the HOD.
Date: Manager (Accounts)
The above application is in order, and the employee is eligible for applying for an advance. Rs. __________, which is deductible @ Rs.__________ p.m.
Refused
Date: Manager (Personnel)
Approved for payment. for Rs__________________ which will be deductible @ Rs________ per month.
Director
From India, New Delhi
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Staff advance policy.doc
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