If it is for all, then F&F settlement should be calculated considering his new salary else old salary has to considered for his F&F settlement.
24th June 2006
In your description for the pay hike you have mentioned that you announced it on 1st March but in that did you mention that from when the revised salary be effective? I mean did you mention this w.e.f 1st March; If you did then the F&F will be on the new salary otherwise the Old salary would be applicable.
I think you must be through with the F&F of the concerned employee by now in correspondence to your date of request, let me know how did you conduct the F&F of the employee.
12th July 2006 From India, Bangalore
I think you must calculate the physical working days of the employees during the increment date to the resignation date.
If it is =>2/3rd of the total days then you should give him his full and final settlement according to the new rate other wise you can calculate his f7F only giving arrear for the current month and rest of the compensation will be according to the old wages.
RR Honda, Delhi
10th August 2007 From India, Delhi