I want to understand the general rule regarding the notice period when settling the Full and Final for a permanent employee (with more than 5 years of service) who has resigned without providing any notice period. My question is, do we deduct the notice period pay from the basic pay or the gross pay.
Thanks & regards,
Vinay
From India, Kolkata
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Thanks & regards,
Vinay
From India, Kolkata
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Notice Pay should be deducted from gross pay... And it cane be deducted or even can be waived off if the concern manager approves...
From India, Madras
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From India, Madras
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Dear Sir, but so many companies in final settlement they are paying on basic, but at the time deduction they are calculating on Gross Pay is it justified, Please clarify, Regards, K. Srinivas Rao. HR
From India, Lucknow
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From India, Lucknow
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Dear All,
When an employer terminates an employee without notice, the employer has to pay the salary in lieu of notice. However, when an employee leaves without notice, the employer can insist on the employee working the notice period before calculating or paying the full and final settlement. There is normally no provision for the employee to pay the salary in lieu of notice.
In certain organizations, the employer deducts the salary in lieu of notice from the full and final settlement. This is a situation of "Teri bhi chup, meri bhi chup" where no one complains. The employee is eager to join a new organization, so they accept it or simply tolerate it.
Vibhakar Ramtirthkar.
From India, Pune
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83When an employer terminates an employee without notice, the employer has to pay the salary in lieu of notice. However, when an employee leaves without notice, the employer can insist on the employee working the notice period before calculating or paying the full and final settlement. There is normally no provision for the employee to pay the salary in lieu of notice.
In certain organizations, the employer deducts the salary in lieu of notice from the full and final settlement. This is a situation of "Teri bhi chup, meri bhi chup" where no one complains. The employee is eager to join a new organization, so they accept it or simply tolerate it.
Vibhakar Ramtirthkar.
From India, Pune
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