Salary is considered as Basic + DA. So the amount to be reimbursed will be the concerned employee’s BASIC+DA.
From India, Mumbai
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From India, Mumbai
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the amount payed in lieu of notice, it will normally be calculated by references to the remuneration the employee would have earned if he had worked out the notice to which he was entitled. so that means notice pay is the exactly amount u will gain as salary at the end of that month which is gross, and deductions will be made according to your company.
From Tanzania, Dar Es Salaam
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From Tanzania, Dar Es Salaam
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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 08.02.2017, I was transferred from my current location to a far-off place in Mizoram (which I am convinced that the HR department did intentionally since I did not have the best terms with them). I decided to prepone my resignation to 10/03/2017 and pay for the remaining days, with a request to accommodate me temporarily in a nearby location.
Once again, the HR department did all they could to squander the talks. I then dropped an email that I cannot be joining there in Mizoram and let the company know of my intentions to pay all the amount (75 days of notice period since I worked from 25/01 to 08/02). I am being forced to go on leave thus, as although I have made repeated requests, the bank is not paying any heed.
Given that I am not joining, and given that I am ready to bail myself out by paying the full amount, can there be any ensuing problems regarding release? The only problem is that I am not permitted to take leave, but neither am I in a position to relocate to Mizoram for the last few days, and my resignation effective date is on 10/03/2017.
Given the complex tangle I am in, can anybody provide a solution?
From India, undefined
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In the meantime, on 08.02.2017, I was transferred from my current location to a far-off place in Mizoram (which I am convinced that the HR department did intentionally since I did not have the best terms with them). I decided to prepone my resignation to 10/03/2017 and pay for the remaining days, with a request to accommodate me temporarily in a nearby location.
Once again, the HR department did all they could to squander the talks. I then dropped an email that I cannot be joining there in Mizoram and let the company know of my intentions to pay all the amount (75 days of notice period since I worked from 25/01 to 08/02). I am being forced to go on leave thus, as although I have made repeated requests, the bank is not paying any heed.
Given that I am not joining, and given that I am ready to bail myself out by paying the full amount, can there be any ensuing problems regarding release? The only problem is that I am not permitted to take leave, but neither am I in a position to relocate to Mizoram for the last few days, and my resignation effective date is on 10/03/2017.
Given the complex tangle I am in, can anybody provide a solution?
From India, undefined
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My company calculate notice pay on gross. Is it correct?
From India, undefined
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From India, undefined
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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 adjusting the PL in basic, then the recovery amount should also be calculated on the basic part. Please clarify.
From India, Noida
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From India, Noida
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Notice pay recovery certificate.doc
No GST on Notice Pay Nominal Canteen Fees (TOI - 25-Oct-2022)_1. jpg