Vishwanathsavula
Human Resources
Hirensoni
Pf,labour Act,factory Act
PAWAN KR CHOUDHARY
Hr Sr. Executive
Trapti
Admin & Hr Executive
Vincentnp
Human Resource
Rajesh Bahuguna
Regional Manager
+3 Others

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Hi,
In our Co. employees are getting full and final with in 45 days though they have serve notice as per the company's norm.Pls. advise. what would be the criteria of Full and Final.
In my last Co. if employee has given notice of leaving than on his final day Co. was giving his full and final with releiving letter.
Regards,
Trapti

From India, Delhi
Hi,
In our Co. employees are getting full and final with in 45 days though they have serve notice as per the company's norm.Pls. advise. what would be the criteria of Full and Final.
In my last Co. if employee has given notice of leaving than on his final day Co. was giving his full and final with releiving letter.
Regards,
Trapti

From India, Delhi
Dear Trapti ,
Full final should be done on the last day . If he has given notice , on the last day of notice period all his /her formalities should be done including relieving or exp letter as well as full and final payment.

From India, Pune
Hi
Full and Final Payment i.e. settlement of service benefits should be done on the last working day it self by the employer if every thing is in order from the side of the employee.
Mohan Rao
Manager HR

From India, Visakhapatnam
Dear Trapti,
As a principal employer, company will have to force the contractor to maintain ESI & PF returns respectively otherwise penalty shall be charged by authority.
Search the Statutory Check list and maintain it.
Thanks,
Hari Bains

From India, Delhi
Dear all you have any format of full & final settlement? Please advise me too. Hiren soni executive hr & admin. Ashapura minecehm ltd.
From India, Ahmadabad
hi Hirensoni, Please find the attached full and final settlement format, which i am following in my Co. You may customize it according to your requirement...!! Regards, Vishwanath
From India, Hyderabad

Attached Files
File Type: xls FULL AND FINAL SETTLEMENT - FORMAT.xls (181.0 KB, 8614 views)

Dear
Please help to clarify my doubt as below
If an employee serves 17 days notice period and co is paying him/her 14 days salary (deducted 14 days Notice Recovery and 3 days LOP)
whether we need to deduct proportinate amount of PF only for 14 days or for full amount as it is fixed at max rs780/- (basic+da is coming more than rs6500 even for 14 days)
Please advise
Bagi

From India, Bangalore
Hi If the Basic Plus D.A is working out for more than Rs.6500.00 even for 14 days of service, you have to deduct PF on Rs.6500.00 only. Mohan Rao Manager HR
From India, Visakhapatnam
Dear Sir That means need to deduct Rs780/ for 14 days or Rs.780/31*14=Rs.352 If we are deducting Rs780/- for a month we need to deduct proportionate amount of PF for 14 days / Baginesh
From India, Bangalore

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