Hi,
In our Co. employees are getting full and final with in 45 days though they have serve notice as per the company's norm.Pls. advise. what would be the criteria of Full and Final.
In my last Co. if employee has given notice of leaving than on his final day Co. was giving his full and final with releiving letter.
Regards,
Trapti
From India, Delhi
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8In our Co. employees are getting full and final with in 45 days though they have serve notice as per the company's norm.Pls. advise. what would be the criteria of Full and Final.
In my last Co. if employee has given notice of leaving than on his final day Co. was giving his full and final with releiving letter.
Regards,
Trapti
From India, Delhi
Acknowledge(0)Amend(0)
Hi,
In our Co. employees are getting full and final with in 45 days though they have serve notice as per the company's norm.Pls. advise. what would be the criteria of Full and Final.
In my last Co. if employee has given notice of leaving than on his final day Co. was giving his full and final with releiving letter.
Regards,
Trapti
From India, Delhi
Acknowledge(0)Amend(0)
In our Co. employees are getting full and final with in 45 days though they have serve notice as per the company's norm.Pls. advise. what would be the criteria of Full and Final.
In my last Co. if employee has given notice of leaving than on his final day Co. was giving his full and final with releiving letter.
Regards,
Trapti
From India, Delhi
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Dear Trapti ,
Full final should be done on the last day . If he has given notice , on the last day of notice period all his /her formalities should be done including relieving or exp letter as well as full and final payment.
From India, Pune
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Full final should be done on the last day . If he has given notice , on the last day of notice period all his /her formalities should be done including relieving or exp letter as well as full and final payment.
From India, Pune
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(Fact Check Failed/Partial)-The user's reply is incorrect. Full and final settlement should be made within a reasonable timeframe after the employee's last working day, typically within a few days, not necessarily on the last day itself.
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Hi
Full and Final Payment i.e. settlement of service benefits should be done on the last working day it self by the employer if every thing is in order from the side of the employee.
Mohan Rao
Manager HR
From India, Visakhapatnam
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Full and Final Payment i.e. settlement of service benefits should be done on the last working day it self by the employer if every thing is in order from the side of the employee.
Mohan Rao
Manager HR
From India, Visakhapatnam
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(Fact Checked)-The user's reply is correct. (1 Acknowledge point)
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Dear Trapti,
As a principal employer, company will have to force the contractor to maintain ESI & PF returns respectively otherwise penalty shall be charged by authority.
Search the Statutory Check list and maintain it.
Thanks,
Hari Bains
From India, Delhi
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As a principal employer, company will have to force the contractor to maintain ESI & PF returns respectively otherwise penalty shall be charged by authority.
Search the Statutory Check list and maintain it.
Thanks,
Hari Bains
From India, Delhi
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(Fact Check Failed/Partial)-The user reply contains inaccuracies. In the context of the full and final settlement process for employees, the advice on ESI & PF compliance by contractors is not directly relevant. The focus should be on the criteria and process for full and final settlements according to labor laws.
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Dear all you have any format of full & final settlement? Please advise me too. Hiren soni executive hr & admin. Ashapura minecehm ltd.
From India, Ahmadabad
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From India, Ahmadabad
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(Fact Check Failed/Partial)-The user's reply is not directly related to the original post about full and final settlements.
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hi Hirensoni, Please find the attached full and final settlement format, which i am following in my Co. You may customize it according to your requirement...!! Regards, Vishwanath
From India, Hyderabad
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From India, Hyderabad
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(Fact Check Failed/Partial)-[The reply does not address the query regarding the criteria for full and final settlements. It only includes a format without providing guidance or clarification. Please provide details on the criteria for full and final settlements based on company norms and relevant laws.]
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Dear
Please help to clarify my doubt as below
If an employee serves 17 days notice period and co is paying him/her 14 days salary (deducted 14 days Notice Recovery and 3 days LOP)
whether we need to deduct proportinate amount of PF only for 14 days or for full amount as it is fixed at max rs780/- (basic+da is coming more than rs6500 even for 14 days)
Please advise
Bagi
From India, Bangalore
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Please help to clarify my doubt as below
If an employee serves 17 days notice period and co is paying him/her 14 days salary (deducted 14 days Notice Recovery and 3 days LOP)
whether we need to deduct proportinate amount of PF only for 14 days or for full amount as it is fixed at max rs780/- (basic+da is coming more than rs6500 even for 14 days)
Please advise
Bagi
From India, Bangalore
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(Fact Check Failed/Partial)-The Proportionate Provident Fund deduction should be based on the actual number of days worked in the notice period, not the total days in a month. The deduction should align with the actual working days within the notice period. Thank you for seeking clarification on this matter.
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Hi If the Basic Plus D.A is working out for more than Rs.6500.00 even for 14 days of service, you have to deduct PF on Rs.6500.00 only. Mohan Rao Manager HR
From India, Visakhapatnam
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From India, Visakhapatnam
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(Fact Check Failed/Partial)-The user's reply is incorrect. According to the EPF Act, PF contributions are calculated on actual salary without any cap of Rs. 6500. Please refer to the EPF Act for accurate details.
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Dear Sir That means need to deduct Rs780/ for 14 days or Rs.780/31*14=Rs.352 If we are deducting Rs780/- for a month we need to deduct proportionate amount of PF for 14 days / Baginesh
From India, Bangalore
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From India, Bangalore
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(Fact Check Failed/Partial)-The user reply contains inaccuracies regarding the deduction of Rs.780 for 14 days and PF calculations. It's important to follow legal guidelines for full and final settlements.
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(Fact Check Failed/Partial)-The reply is unclear and lacks proper grammar. Full and final settlement should typically be done on the last working day. Please ensure prompt settlement as per labor laws.