Dear Senior, Pls send rules of full & Final settlement in pdf. How many days (Time limit from last working day) full & final settlement is compulsory as per rules. Thanks
From India, undefined
Acknowledge(0)
Amend(0)
From India, undefined
Acknowledge(0)Amend(0)
Hi Buddy, There is no any legislation specifying the time limit for F&F, however it has to settled in a reasonable time say within 30days from date of reliving. With Regards Mr.Thumbs Up
From India, Chennai
Acknowledge(1)
Amend(0)
105From India, Chennai
Acknowledge(1)Amend(0)
Salaries need to be paid within 2 working days from the last working day. This is specified in the Factories Act and Shop and Establishment Acts.
Further, for all other items due, payment must be made within 30 days unless specified otherwise. This is outlined in the Payment of Wages Act.
Gratuity is also payable within 30 days (from the date of application by the employee).
Additionally, the standing orders applicable to you will provide additional details or procedures, including time limits.
From India, Mumbai
Acknowledge(1)
Amend(0)
Further, for all other items due, payment must be made within 30 days unless specified otherwise. This is outlined in the Payment of Wages Act.
Gratuity is also payable within 30 days (from the date of application by the employee).
Additionally, the standing orders applicable to you will provide additional details or procedures, including time limits.
From India, Mumbai
Acknowledge(1)Amend(0)
Hi, There is no law regulating the payment period for F&F and It varies from organization to organization. Few companies will pay within 30 days and some pays within 45 days.
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Saswatabanerjee , For info of all Section /Rule under Factories Act /Shop & est Act specify because other professional people will know it . Regards
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
If an employee resigns, the employer can pay the salary/wages on the next payday. However, if the employer terminates the services of the employee, the employee must be paid his dues (unpaid earned wages, cash in lieu of unavailed earned leave, retrenchment compensation equal to 15 days' wages for each completed year of service, unpaid bonus, if any) before the expiry of the second working day.
Thanks and Regards,
RL Dhingra, Advocate
Labour Law Consultant
Delhi & NCR
[Phone Number Removed For Privacy Reasons]
Email: [Email Removed For Privacy Reasons]
From India, Delhi
Acknowledge(0)Amend(0)
Thanks and Regards,
RL Dhingra, Advocate
Labour Law Consultant
Delhi & NCR
[Phone Number Removed For Privacy Reasons]
Email: [Email Removed For Privacy Reasons]
From India, Delhi
Acknowledge(0)Amend(0)
If the employee who has resigned and has obtained their clearance certificate and no-due certificate from all departments, their full and final settlement of accounts should be paid normally within seven working days from the date of relieving, except for bonus and gratuity. This timeline is not specified in any acts or rules but is a common practice. Gratuity should be paid within 30 days, and the bonus within 8 months from the close of the financial year.
Adoni Suguresh
Labour Laws Consultant
From India, Bidar
Acknowledge(0)Amend(0)
Adoni Suguresh
Labour Laws Consultant
From India, Bidar
Acknowledge(0)Amend(0)
Its been 60 days and my company has not cleared a rupee for full and final settlement. They replies are in negative. What should be done here?
From India, Bengaluru
Acknowledge(0)Amend(0)
From India, Bengaluru
Acknowledge(0)Amend(0)
Calculating Dues for Full and Final Settlement
You should calculate the dues such as the last salary, leave salary (Privilege/Earned/Annual), bonus for the previous year if not paid, any other dues, etc., and send the claim to the employer. Endorse a copy to the Labour Officer of the local area and wait for a week. If nothing happens, you can submit an application to the Labour Officer stating non-payment of terminal dues and seek action. Follow up on that. You need to follow up on this. Failing all this, you need to approach the Labour Court.
From India, Mumbai
Acknowledge(0)Amend(0)
You should calculate the dues such as the last salary, leave salary (Privilege/Earned/Annual), bonus for the previous year if not paid, any other dues, etc., and send the claim to the employer. Endorse a copy to the Labour Officer of the local area and wait for a week. If nothing happens, you can submit an application to the Labour Officer stating non-payment of terminal dues and seek action. Follow up on that. You need to follow up on this. Failing all this, you need to approach the Labour Court.
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Full n final settlement.doc
Full & Final Payment.xls