Full & Final Settlement - Full Final [Thread 538750]

Dear Friends,
If an employee resigns from a company without notice in single day & without handover.Do a company still owes Full & Final settlement to him?.
Also if a company terminates a employee on indisciplinary grounds or misbehaviour with director.Do a company still owes Full & Final settlement to him?.
Pl advise.

The company should do a FNF after deducting all dues-including value of items not surrendered to company.
Whether a company terminates on basis of discipline,financial dues should not be held up.
Termination is the punishment for indiscipline.

Dear All
our employee resigns without notice period, his full and final payment held up few days only because his/ her deus & other deductions will be deduct in full and final payment only.

The F&F cannot be kept open. We need to calculate the notice period, adjust the leaves, take into consideration the advance to the employee and the company properties provided to him, make the necessary deductions and then pay the F&F. This can also be done with the normal salary cycle.
In case of termination also the F&F has to be paid considering all the above points.
Regards,
Ashutosh Thakre

Apart from what Mr. Asutosh Thakre has mentioned, the salary has to be paid within 7 days from the last working day and the FNF has to be paid within 30 days of the last working day.