My self Deepesh Jangid and I joined a organization in 11 May 2017. I given the resignation on 20 Dec 2017 and also serve notice period as per mentioned offer letter 7 Days in provisional period. My last working in organization is 27 Dec 2017.
I have served proper notice period, hand over my responsibilities to colleagues and senior with proper documentation.
On 26 Dec 2017, I have filled the Exit Clearance form and get the signature from all departments of organization.
Company has provided me reliving letter on 1 Jan 2017 after many follow up with HR departments.
Today 40 days has been completed from my last day in organization.
In offer letter, it is not mentioned that how many days company will clear the full and final dues.
As per the verbal communication with HR, company will clear the dues within in 45 days which is not mentioned.
After the discussion with Finance HOD and HR departments they told me you should need to wait 6 months or may be more delay.
Company has capable to release full and final payment but they are not doing. Many employees are not getting dues amount from last 6 months because they are not aware and educated. Employees come in office for dues but HR departments told that you will get the payment shortly.
The company is hold approximate Rs. 30 Lacs of full and final dues.
I need help from experts.
1) what is the rules of full and final dues payment.
2) As per government rules, how many days company need to release payment.
3) What kind of penalty charge on company in delay in payment.
4) If company delay in payment then employee can ask for interest. If yes then what is interest rate will charge.
I have served proper notice period, hand over my responsibilities to colleagues and senior with proper documentation.
On 26 Dec 2017, I have filled the Exit Clearance form and get the signature from all departments of organization.
Company has provided me reliving letter on 1 Jan 2017 after many follow up with HR departments.
Today 40 days has been completed from my last day in organization.
In offer letter, it is not mentioned that how many days company will clear the full and final dues.
As per the verbal communication with HR, company will clear the dues within in 45 days which is not mentioned.
After the discussion with Finance HOD and HR departments they told me you should need to wait 6 months or may be more delay.
Company has capable to release full and final payment but they are not doing. Many employees are not getting dues amount from last 6 months because they are not aware and educated. Employees come in office for dues but HR departments told that you will get the payment shortly.
The company is hold approximate Rs. 30 Lacs of full and final dues.
I need help from experts.
1) what is the rules of full and final dues payment.
2) As per government rules, how many days company need to release payment.
3) What kind of penalty charge on company in delay in payment.
4) If company delay in payment then employee can ask for interest. If yes then what is interest rate will charge.