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Search for "Notice Buyout Based Notice Pay Deduction Gst"
Wrong chargingof gst on service bond amount and notice pay by psuI had resigned from a psu where i had signed a bond of rs 3 lakh . for this i was required to deposit remaining bond amount after deduction from my salary and one month s notice pay. i agreed to pay the same and requested them to confirm the amount. while calculating remaining bond amount and notice pay they charged gst extra in addition to the above two amounts. i have read the service bond agreement and offer letter as per these two documents i was only required to pay the remaining bond amount and one month s notice pay only. further one of my friend who joined the same compnay with me and were posted in the same area had resigned 4 months ago but no gst was charged in his case. since i want to sort out this matter i have positively responded to thier letters.kindly provide guidance what necessary action should be taken from my side. Can my company stop me from choosing buyout?I have 2 months notice period in my current company but have got an offer from a different companynot a rival. i am fresher and have worked only for 4 months. my notice period says that "the notice period for termination of your services is 60 days by either side and/or salary in lieu of notice period on part of the employer only". my new company wants me to join in a month and has agreed to pay my buyout amount. so can my company stop me from going through buyout process. Notice period buyout in it services company - hr is telling me there is no buyout optionI work for a big services it company in bangalore which has 3 months notice period. i have resigned two weeks back and want to buy notice for two months. the hr is telling me there is no buyout option and i have to serve entire 3 months notice period. here s the paragraph from the agreement: " your employment with the company shall be terminable without reasons by either party giving onemonth notice during probationary period and three months notice on confirmation. the company reserves the right to pay or recover salary in lieu of notice period. further the company may at its discretion relieve you from such date as it may deem fit even prior to the expiry of the notice period. however if the company desires you to continue the employment during the notice period you shall do so. notice period and termination of employment contract shall be governed by the applicable internal policies of the company as updated from time to time." can they me to work for entire 3 months on notice when i want to buy notice for 2 months and serve one month. please help Notice pay; buyout notice periodI want to leave my organisation and i cant serve 2 months notice period. it is not practical to serve 2 months notice period. if i buyout my notice period how much would i have to pay??? will that be equal to my monthly gross salary2 or the amount that gets credited in my bank account as salary 2 ???? the following is my salary breakup : basic rate : 3100.00 hra rate : 1550.00 : 3100.00 fund : 372.00 rent : 1550.00 tax : 175.00 : 800.00 : 149.00 : 3040.00 total earnings : 8490.00 total deductions : 696.00 my ctc is 8862 and net payable is 7794.00 if i buyout my notice period how much would i have to pay???