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Old 27-08-2008, 03:32 PM
manojsis's Avatar
Join Date: Aug 2008
Posts: 27
Default Full & Final Settlement

can any body Tell me what is full & final settlement of a emp
who was working in a compny as a hr Ex.
his joining date is 17-05-04
leaving date 11-09-07
Notice Period 30 days
Basic Sal- 5000
Gorss-11400
El-6
But the emp not given any notice or Resignation, he left on work without any notice or information
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Old 29-08-2008, 05:04 PM
chandana25's Avatar
Join Date: Aug 2008
Posts: 3
Default

can any body Tell me what is full & final settlement of a emp
who was working in a compny as a hr Ex.
his joining date is 17-05-04
leaving date 11-09-07
Notice Period 30 days
Basic Sal- 5000
Gorss-11400
El-6
But the emp not given any notice or Resignation, he left on work without any notice or information
  #3 (permalink)  
Old 29-08-2008, 05:08 PM
chandana25's Avatar
Join Date: Aug 2008
Posts: 3
Default F& F Setlement

can any body Tell me what is full & final settlement of a emp
who was working in a compny as a hr Ex.
his joining date is 27-04-2007
leaving date 15-07-2008
Notice Period 30 days
Basic Sal- 3000
Gorss-9500
But the emp not given any notice or Resignation, he/she left on work without any notice or information
  #4 (permalink)  
Old 29-08-2008, 05:09 PM
chandana25's Avatar
Join Date: Aug 2008
Posts: 3
Default

can any body Tell me what is full & final settlement of a emp
who was working in a compny as a hr Ex.
his joining date is 27-04-2007
leaving date 15-07-2008
Notice Period 30 days
Basic Sal- 3000
Gorss-9500
But the emp not given any notice or Resignation, he/she left on work without any notice or information
  #5 (permalink)  
Old 29-08-2008, 06:04 PM
Madhu.T.K's Avatar
Board Moderator
Join Date: Sep 2007
Location: Kannur
Posts: 833
Default

All the above posts relate to similar with the difference in amount of settlement. Before ariving at the amount payable please be informed that in all these cases the employees have left without intimation. In such situation it is better to issue a memo asking explanation for not reporting. If you are satisfied about the reasons for his not reporting or leaving the organisation without intimation, you can release the amount. If your company is so particular about the notice pay, you can deduct the amount from the amount due for final settlement and on the other hand, if your company is satisfied fully as to his leaving without notice, full settlement may be made without deduction also. It depends upon the policy of the company. But before full settlement ensure that there is no amount recoverable from him by way of advance, telephone, telephone bill etc.

Now, in these cases, since nobody has served for 5 years the question of gratuity will not arise. In the first two cases, the settlement shall be like this:

Gross Salary payable : 11400
EL encashment 6X 5000/26 : 1154
Total : 12554

In the third and fourth cases,

Salary : 9500.
EL : 0
Total : 9500.

Regards,

Madhu.T.K
  #6 (permalink)  
Old 29-08-2008, 06:25 PM
yatin Pundhir's Avatar
Join Date: Jan 2008
Location: faridabad
Posts: 95
Default full & Final

hi

as per your Requerment i am sending full & Final Sattlement

Please find the Attachment

Yatin

Attached Files
File Type: xls Full & Final.xls (28.0 KB, 75 views)

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