Dear Anshu
I appreciate your observation and thanks for bringing the same to my knowledge. It is due to typing error. I have omitted "not" in the first sentence.
"In case of Resignation only the employee need not to be paid with Notice Pay and Retrenchment Compensation. But the resigned employee should be paid with Leave pay and Gratuity whatever he is eligible to get."
Means the employer need not to pay the Notice Pay and Retrenchment compensation to the employee who submits his resignation, whereas the employer has to pay the Leave pay and gratuity to the employee as per his eligibility.
But for termination all the above must be given to the employee.
Notice Pay will be available in the Offer of employment and accordingly either party has to pay. The Retrenchment Compensation is to be paid with 15 days Salary for every completed 1 year of service to the employee at the time of Retrenchment of an employee.
Please refer ID Act Section 25F reproduced below for your ready reference.
Conditions precedent to retrenchment of workmen.
25F. No workman employed in any industry who has been in continuous service for not less than one year under an employer shall be retrenched by that employer until—
(a) the workman has been given one month's notice in writing indicating the reasons for retrenchment and the period of notice has expired, or the workman has been paid in lieu of such notice, wages for the period of the notice;
45 <link updated to site home> ( Search On Cite | Search On Google ) [***]
(b) the workman has been paid, at the time of retrenchment, compensation which shall be equivalent to fifteen days' average pay
46 <link updated to site home> [for every completed year of continuous service] or any part thereof in excess of six months;
and
(c) notice in the prescribed manner is served on the appropriate Government
47 <link updated to site home> ( Search On Cite | Search On Google ) [or such authority as may be specified by the appropriate Government by notification in the Official Gazette].