Hi, Appointment letter have a clause of Notice period. Both party have to serve notice period or pay amount if they want to end there contract. Suppose employee salary is Basic 4000/-, HRA-2000/-, conveyance -1000/- and other Allowances-3000/- total-10,000/-. Notice period-1 month. Emp. want to give notice pay in place of notice period. Than what amount he will pay as notice period. Is it only Basic or Basic+ hr or Total salary.
From India, Hyderabad
3From India, Hyderabad
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Appointment Letter to an Employee for fixed period.doc