Hi Members,
Need some clarification for calculating the salary in lieu of notice period.
My appointment letter states that I need to serve 2 months notice period however either party can end the employment by paying 2 months salary in lieu of the notice period.
My salary structure has the following heading .
1 . Basic
2 . HRS
3 . Conveyance Allowance
4 . Mobile Allowance
5 . Special Allowance
6 . Bonus
How will the salary in lieu of notice period calculated.
What headings of my salary will be considered while calculating this.
Need some clarification for calculating the salary in lieu of notice period.
My appointment letter states that I need to serve 2 months notice period however either party can end the employment by paying 2 months salary in lieu of the notice period.
My salary structure has the following heading .
1 . Basic
2 . HRS
3 . Conveyance Allowance
4 . Mobile Allowance
5 . Special Allowance
6 . Bonus
How will the salary in lieu of notice period calculated.
What headings of my salary will be considered while calculating this.