What will I get in FnF basic or Gross salary (Full and Final Settlement)? I was in HCL, and HR forced me to resign writing that I am resigning due to my some personal reason with immediate effect and the company will credit 2 months salary in my FnF
From India, Faridabad
From India, Faridabad
Extracted Resignation, in any case is Unlawful hence, infructuous/invalid.
Resignation, by its nature, is Voluntary and arising out of own will of the Employed Person as per Employment Contractual Obligations and HR Management Practioners need not indulge into such Action which are outright & patently violative.
Sharan
Kritarth Team,
4.11.18
From India, Delhi
200Resignation, by its nature, is Voluntary and arising out of own will of the Employed Person as per Employment Contractual Obligations and HR Management Practioners need not indulge into such Action which are outright & patently violative.
Sharan
Kritarth Team,
4.11.18
From India, Delhi
I think that the questioner's concern now is the the amount of F&F settlement and its method of calculation and not the allegedly forced resignation. Normally, an employee is entitled to the following terminal benefits only on his resignation :
1) Gratuity @15days last drawn wages for every completed year of service rendered under the same employer and the wages here means 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 no 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 on the basis of 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
1) Gratuity @15days last drawn wages for every completed year of service rendered under the same employer and the wages here means 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 no 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 on the basis of 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
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
