Non Settlement Of Full & Final Dues After Resignation - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Hello All,
I was employed with a medium sized Company as AVP - Marketing.

I put down my papers in July'2016 (giving 30 days notice as per my employment terms) but due to urgency of the next Company which I was joining, verbally requested an early release if possible. The Company released me 5 days short of completing 30 days notice period and issued a clean release letter. I did not wait for full & final settlement of my dues but was assured by accounts & HR that it would be settled very shortly.

At the time of resignation, my annual package included an ex gratia component of Rs.2667/month; normal practice in the Company was to pay out this ex gratia component for each FY around Diwali of subsequent year (e.g. ex gratia for FY 2015-16 would be paid in Diwali of 2016).

Hence when I resigned I was eligible for this ex gratia component for full year 2015-16 + April to August of 2016-17.

The Company has sent me a Full & Final statement for my signature after nearly 2 months (deducting 5 days salary for releasing me prior to 30 days) & minus the ex gratia component payable for 2015-16 & April-August'2016-17.

When I am following up with the Company for a revised F&F statement including the ex gratia component due to me, there is total silence and concerned people are avoiding the issue.

My question is how can I ensure that the Company includes the ex gratia amount which was part of my annual CTC and settles the amount without delay. What options do I have in case the Company with holds the ex gratia component and otherwise delays payment. Problem is that I have taken up an overseas assignment after leaving this job and unable to chase up in person as I am not in India.

Will be grateful for advise.

Thanks and regards

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™