Please guide me about the full and final payment.
Questions Regarding Full and Final Payment
1) Within how many days do we have to pay the full and final amount?
2) If the workers have to pay some amount to the company and it is more than the full and final amount, what should be done?
Regards,
Pravin.K
From India, Kolhāpur
Acknowledge(1)
Amend(0)
4Questions Regarding Full and Final Payment
1) Within how many days do we have to pay the full and final amount?
2) If the workers have to pay some amount to the company and it is more than the full and final amount, what should be done?
Regards,
Pravin.K
From India, Kolhāpur
Acknowledge(1)Amend(0)
Full and Final settlement has to be done on the day the employee gets relieved. The F & F amount should be settled on the same day. If the worker has to pay some amount to the company which is more than F & F, then the question of paying any amount to the worker does not arise at all. The additional amount, if any, can be recovered from the bonus if available.
Hope this is some help to you.
Regards,
Rajeev Dixit
From India, Bangalore
Acknowledge(1)
Amend(0)
Hope this is some help to you.
Regards,
Rajeev Dixit
From India, Bangalore
Acknowledge(1)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