What will I get in FnF basic or Gross salary (Full and Final Settlement)? I was in HCL, and HR forced me to resign by writing that I am resigning due to some personal reasons with immediate effect, and the company will credit 2 months' salary in my FnF.
From India, Faridabad
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From India, Faridabad
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Extracted Resignation, in any case, is unlawful; hence, it is infructuous/invalid. Resignation, by its nature, is voluntary and arises out of the employed person's own will as per employment contractual obligations. HR management practitioners need not indulge in actions that are outright and patently violative.
Sharan
Kritarth Team,
4.11.18
From India, Delhi
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206Sharan
Kritarth Team,
4.11.18
From India, Delhi
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I think that the questioner's concern now is the amount of F&F settlement and its method of calculation, not the allegedly forced resignation. Normally, an employee is entitled to the following terminal benefits only on his resignation:
1) Gratuity @ 15 days last drawn wages for every completed year of service rendered under the same employer. The wages here mean only the sum total of basic and D.A. It is also important that the employee should have completed 5 years of continuous service in the establishment, and the Payment of Gratuity Act, 1972 should be applicable to the establishment.
2) The unavailable number of earned leave at his credit on the date of his resignation, subject to the limit prescribed in the Labour Law/leave rules applicable to the establishment. This has to be calculated based on the gross salary minus any special allowance given to meet the expenses relating to the performance of his duties.
3) Proportionate Bonus under the Payment of Bonus Act, 1965 if applicable.
From India, Salem
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1) Gratuity @ 15 days last drawn wages for every completed year of service rendered under the same employer. The wages here mean only the sum total of basic and D.A. It is also important that the employee should have completed 5 years of continuous service in the establishment, and the Payment of Gratuity Act, 1972 should be applicable to the establishment.
2) The unavailable number of earned leave at his credit on the date of his resignation, subject to the limit prescribed in the Labour Law/leave rules applicable to the establishment. This has to be calculated based on the gross salary minus any special allowance given to meet the expenses relating to the performance of his duties.
3) Proportionate Bonus under the Payment of Bonus Act, 1965 if applicable.
From India, Salem
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Full n final settlement.doc