Recently I left a top Indian company (Bangalore work location) while I am on USA payrolls since year 2010. Every year, USA compensation is revised based on my performance and in that letter company shows India salary as CTC only (no breakups). During full and final settlement, I surprised that my basic salary arrived with a notional figure (HR calls as Shadow fitment) which is less than 50 percentage of CTC shown on last year USA pay revision letter. Is there any law provision to calculate like that? Can I file a complaint with labor office? Please help and suggest me.
From United States, Irvine
There is no specific provision of Indian law governing the terms of full and final settlement. If there is any company policy in this regard and there is any violation of it , you may probably have a cause to agitate in civil court.
From India, Mumbai
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