Hi Friends,
I am working with a South Indian Hotel company as a Management Trainee. I have already completed 23 months of training (out of 24 months). I resigned on may 18, 2015 and they accepted my resignation on 6 June 2015. They dont want me to serve notice period also. Now according to company policy i have to pay my remaining 1 month stipend i.e. Rs. 16000/- but the company is asking me to pay 6 months stipend i.e. Rs. 96000/-on the basis that 1 month is remaining and after 2 more months there will be evaluation of training program. If there will be any 6 months extension to that then i have to pay 6 months stipend.
Is it legal? I am resigning 1 months before my training finishes and 3 months before the evaluation. Do i have to pay six months salary too??
Its like paying nearly 1 Lakhs rupees to get reliving letters.
Kindly guide me through this.
Thanks,
Will
I am working with a South Indian Hotel company as a Management Trainee. I have already completed 23 months of training (out of 24 months). I resigned on may 18, 2015 and they accepted my resignation on 6 June 2015. They dont want me to serve notice period also. Now according to company policy i have to pay my remaining 1 month stipend i.e. Rs. 16000/- but the company is asking me to pay 6 months stipend i.e. Rs. 96000/-on the basis that 1 month is remaining and after 2 more months there will be evaluation of training program. If there will be any 6 months extension to that then i have to pay 6 months stipend.
Is it legal? I am resigning 1 months before my training finishes and 3 months before the evaluation. Do i have to pay six months salary too??
Its like paying nearly 1 Lakhs rupees to get reliving letters.
Kindly guide me through this.
Thanks,
Will