Full & Final Settlement - Full N Final Settlement

darshan.ankur
Please tell me...how to calculate full n final settlement.... I work fr a company for 11 months.... does deduction made during my probation period will also be calculated while making my final settlement???
The company didn't gave me any confirmation in-spite-of commitment of giving it after the probation...
There were deduction for my Gratia, LTA & Gratuity mediclaim... how m I supposed to calculate my claim?
debdas.debdas@gmail.com
dear darsan,
if you have completed one calender year or you have completed continious 240 days service then you will be eligible to get the following.
1-Notice pay-26 days' basic salary
2-Retrenchment compensation-15 days' basic salary
3-Earned Leav- 1 day wages on20 working days
4-Bonus -As decleared by Co. for the Financial year.
5-LTA- As deducted by yur employer month-wise from ur salary
Thanks & Regards,
Debdas Nandy
darshan.ankur
Dear Debdas,
Thanks for your reply, just wanted to know about the deducation made during my probation period can I claim those??
like they gave me a bonus of 13k...inspite of deducting 2800 for 11months from my salary...m I elgibile to claim the rest amount which they have deducted....
also about the LTA.... since I work thr for 11 months.... cn I claim LTA too????
Regards,
Ankur
NPMB
there is no need to complete 1 year for getting full & final. please refer industrial disput act sect25
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