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Search for "Non Payment Delay Payment Final Settlement Dues"


If company delay in payment then employee can ask for interest? if yes then what is interest rate will charge?
My self deepesh jangid and i joined a organization in 11 may 2017. i given the resignation on 20 dec 2017 and also serve notice period as per mentioned offer letter 7 days in provisional period. my last working in organization is 27 dec 2017. i have served proper notice period hand over my responsibilities to colleagues and senior with proper documentation. on 26 dec 2017 i have filled the exit clearance form and get the signature from all departments of organization. company has provided me reliving letter on 1 jan 2017 after many follow up with hr departments. today 40 days has been completed from my last day in organization. in offer letter it is not mentioned that how many days company will clear the full and final dues. as per the verbal communication with hr company will clear the dues within in 45 days which is not mentioned. after the discussion with finance hod and hr departments they told me you should need to wait 6 months or may be more delay. company has capable to release full and final payment but they are not doing. many employees are not getting dues amount from last 6 months because they are not aware and educated. employees come in office for dues but hr departments told that you will get the payment shortly. the company is hold approximate rs. 30 lacs of full and final dues. i need help from experts. 1 what is the rules of full and final dues payment. 2 as per government rules how many days company need to release payment. 3 what kind of penalty charge on company in delay in payment. 4 if company delay in payment then employee can ask for interest. if yes then what is interest rate will charge.
Full & final settlement
Hi all i have resigned from an international back office as a team leader after working for nearly 6.9 years. i served my 2 months notice period and my last working date was 06/01/2012. as per norm i am supposed to receive my f&f settlement after 45 days from my last working date. however till date i have not received my due and its been 61 days now. i got my relieving letter and the f&f amount break up yesterday and when asked about the money hr told me it will be sometime next week. its a substantial amount as it includes gratuity and the delay is causing me lot of inconvenience. a what actions can be taken by me to expedite the process. b is the hr team answerable to anyone for the unusual delay. c is there any legal action i can initiate for the delay. d are there any provisions under workmen compensation or payment of gratuity act against such full and final settlement delays. i would be very grateful if someone can guide me here and help me get my rightful dues regards
Delay in pf payment
Dear sir in case of delay in payment of of dues is there any penalties except 7q & 14b like fir & imprisonment? can i pay penalties before any notice served by of department.
What is the procedure of full and final settlement of sales employee as they have incentives based on sales done every month?
Dear all need your expert advice. what is the procedure of full and final settlement of sales guys? as sales guys have sales and payment collection targets and we give incentives based on sales done every month irrespective of the payment collection. is it advisable to delay the fnf process till all collection is made? or making part payment of fnf amount ? we have faced challenges in past where company paid full and final amount and employee didn t cooperate with payment collection though it was communicated to him in advance but it was not documented. and the company m working with don t believe in harassing or delaying employees salary. we just want to know what is the legal way to prevent such situation? thanks in advance
Full & final settlement
Dear senior greeting of the day. want to discuss a case regarding full & final settlement: one of my friend who was working as area sales manager in mnc compnay left the job in the month of dec 13 due to the closure of the business in india. as the business got shut down comapny gave one months notice to everyone & promised to give settlement within a month. the business head is arguing to release the full & final settlement payment saying there is some payment pending from his distributor s end . until unless we receive the full payment from distributor we will not relase the payment. my question is when the business head was aware the payment is pending from distributor s end he should have not asked the employee to leave the job. here the company decided to back out then why an employee is suffering. today also when my friend called his ex business head very rudly he disconnected his call saying do not waste my time. the payment will be released post the money receive from distributor. i am surprised his reginoal manager s full & final payment got released & his settlement is pending. like him there were 34 asm whose payments from distributor s end was pending got the payment on time. in this case we need your help. pls suggest. regards reeta rawat
For final settlement with company
Hi i resign from my company 2 months back but my organization still not done my final settlement. they hold my settlement because one of our client got defaulted for payment.so what shall i do to get my final settlement amount ??