Sincerely appreciate the above comments by ‘loginmiraclelogistics’, which is pointing out that when law is very clear, how can we talented HRs are discussing on such kind of simplest query , which std 7th student can answer.
Here, I would like to bring to the attention of my learned friend ‘loginmiraclelogistics’, a point which might have skipped his attention, and which is a very very serious issue, if at all he respects an employee’s concern.
The discussion started on 2nd sept, with my original post, and the main point on which I expected members views is not about the final dates for releasing wages, under any act. It is to know that if any organization makes a policy of its own fixing a date of salary, say 1st of every month, and if this date falls on a holiday/ Sunday, is it binding on company to release payment on earlier day or not.
The above question was raised because …
(please refer original post, and few lines are reproduced below, for ready reference…)
“In todays world, many employees get direct debit to their bank a/c, on a day disclosed by them to their banks, for the monthly deductions of loans, premiums etc. A delay in crediting salary to their a/c, even by a single day, may result to payment of penalty for bouncing EMIs etc.”
Am I not justified by putting this issue to members discussion !!