IT head approval is not as much important than HR approval for full and Final. Yes or NO Pease reply
From India, Ahmadabad
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2From India, Ahmadabad
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Dear Saxena,
I am not able to understand why this question arises when whatever payouts have to be done through the Accounts/Finance department of an organization. It is the duty of the Accounts department to ensure TDS is effected in payments exceeding the limits under the Income Tax Law. Of course, the Accounts personnel may not be aware of the terminal benefits like gratuity exempted from income tax up to the statutory limit, and here comes the effective coordination between the HR and Accounts personnel. Therefore, there is no question of the comparative degrees of importance of approval in the matter of full and final settlement of employees.
From India, Salem
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I am not able to understand why this question arises when whatever payouts have to be done through the Accounts/Finance department of an organization. It is the duty of the Accounts department to ensure TDS is effected in payments exceeding the limits under the Income Tax Law. Of course, the Accounts personnel may not be aware of the terminal benefits like gratuity exempted from income tax up to the statutory limit, and here comes the effective coordination between the HR and Accounts personnel. Therefore, there is no question of the comparative degrees of importance of approval in the matter of full and final settlement of employees.
From India, Salem
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It depends on the management of the organization. In my opinion, the approval of both department heads is equally important for No Due clearance. After that, it goes to Accounts for Full & Final reimbursement/payment.
From India, Ahmadabad
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From India, Ahmadabad
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Dear Ankur Saxena,
Both clearances are important for any full and final settlement. The IT Department gives clearance for IT products provided to staff, and HR completes their clearance before accounts finalize the payment through the accounts department. If you believe IT clearance is not important, then remove the department and handle the IT department's work as well.
Regards, Dheeraj Chaubey +977-9819764549 HR
From India, Pune
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Both clearances are important for any full and final settlement. The IT Department gives clearance for IT products provided to staff, and HR completes their clearance before accounts finalize the payment through the accounts department. If you believe IT clearance is not important, then remove the department and handle the IT department's work as well.
Regards, Dheeraj Chaubey +977-9819764549 HR
From India, Pune
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Full n final settlement.doc