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sandeep.bahuguna
3

Hi Seniors,
One of our employee resigned on 10th and gave notice till 23rd. He has worked from 1st to 23rd. We have a procedure of one month notice.
In case of full and final adjustment, who is liable to pay and how many days will be paid.
Please reply, its urgent.
Thanks,
Sandeep

From India, Gurgaon
Navanju
11

Dear Mr. Sandeep, No problem, if LTA or Bonus is the part of CTC then you can deduct the rest amount for 7 days through these compensation components. If there is confusion then revert me.
From India, Delhi
akpk34
prepare full salary for 23 days and deduct 16 days amount from the 23 days salary. this is because that he has worked till 23rd and if he is covered under the epf or esi act you have to deposit the 23 days epf and esi amount.
suppose his net salary is 10000.00
23 days salary = 7419/-
16 days salary = 5161/-
f & F amount = 2258/-
he had served only 14 days notice period.

From India, New Delhi
sandeep.bahuguna
3

Thanks Anuu and akpk for the clarification, there is no adjustment of LTA and Bonus so We are paying him 7 days salary as he has served 14 days notice period and worked for 23 days.
From India, Gurgaon
anuj.gupta
First check your comapny's appointment letter term & conditions, notice period is always payable on basic salary. you deduct his 16 days basic salary. for example if basic is 10000 than 10000/30*16. thnx
From India, Chandigarh
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