Full And Final Settlement Maximum Time Limit

Then what is the dedution about.? On what head they are showing the deduction?Deduction need to be quantified and explained.
Example
Purchase of Vegetable for the Canteen Rs 50000 ( Give details)
actual Market Rate Rs 40000 ( Give details)
If they are showing any such deduction, it is wrong and not sustainable in court of law.
Opinions cannot be correct if I presume and suggest. Give the Heads of deductions
T Sivasankaran

Hello everybody
could you guys please tell me that what will be the leave policy. and how should be calculated for CL,EL,SL,BL,ML, While resigning the employee what are all the leaves should be consider.
Thanks
karthik

Legally an employer can not hold on to an employee beyond the Notice Period. There is no law specifying this and one need to understnd the Contract Act.
Only exception is if there is a disciplinary action on an employee, then the Management can refuse to relieve the employee till the proceedings are over. Again, the employer need to take all measures to complete the process fast and any undue delay will be against the principles of natural justice.
On unfinished assignment. legally an employer can not hold on to the employee.
Sivasankaran

Hi,
im Ameer from chennai.. i was working in MNC company Jan 2006 to July 2011 more than 5 years and 4 months,then i left that company, after 1 year only i came to know every company has to pay the Gratuity Amount if the employe completed 5 years. i called my HR i ask about Gratuity they said. if u want Gratuity amount means your suppose to work for 7 years then only u will be qualified for the Gratuity amount this is what they told me. .im totally confused with this plzz help me.. will i get my gratuity amount ..

Some companies do not take the training period for calculation, If they have issuesd a letter for training for two years and called it as stipend and given you training and maintained records for the same, then you may not get gratuity. Your terms for the first two years and nature of work will have to be examined.
T Sivasankaran

Dear All,
May i know when the company can closure, so its necessary that employees can serve notice period or company can give the notice before six months to the closure of the compnay.
Kindly help me there is any law???
Regards
Rekha

a worker had left the company before one year and now he came for his full and final settlement can any body tell me that he is eligible for this

Dear Sir / Madam
As per my company rule you need to do his full and final settlement includes following points in 30 days
* Leave Encashment
* Hold month's salary if any
* Bonus
* Graduity if applicable
As per my company rule we are holding the salary of 2 months and after his successful completion of notice period we are release the salary
Regards
Ashish