Babu AlexanderAs per ID Act 15 days wages for every completed year of service, but in practice, some companies considering smooth / quick settlement of claim in an IR situation paid up to 45 days wages. Gratuity 15 days wages for every completed year of service, Leave salary, Notice Pay all put together,Based on the viability and available / allotted funds, you are the best judge and as a best negotiator decide a best package and enter into an settlement under section 12(3) of the ID Act.
Best of Luck
From India, Madras
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