Hi friends,
I have recently resigned from my current job. I need to know about the laws related to full and final settlement. My specific queries are:
1. What is the maximum time that the company can take in preparing my full and final settlement?
2. Can the company deduct any amount for 5-6 instances when I have left the office half an hour early in my total tenure of 2 years?
3. What are the rules related to half days and short leaves?
Kindly help me out!
Regards
From India, Gurgaon
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I have recently resigned from my current job. I need to know about the laws related to full and final settlement. My specific queries are:
1. What is the maximum time that the company can take in preparing my full and final settlement?
2. Can the company deduct any amount for 5-6 instances when I have left the office half an hour early in my total tenure of 2 years?
3. What are the rules related to half days and short leaves?
Kindly help me out!
Regards
From India, Gurgaon
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Dear Company,
The company should clear the dues of an individual within 48 hours of resignation/termination as per the Industrial Dispute Act. No deduction can be made for half an hour of early going in the last 2 years; that deduction should be made in the same month only. Now, you cannot make deductions for two years. For short leave, it is an internal matter of the company. There is no law for the same.
Thank you.
J. S. Malik
From India, Delhi
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174The company should clear the dues of an individual within 48 hours of resignation/termination as per the Industrial Dispute Act. No deduction can be made for half an hour of early going in the last 2 years; that deduction should be made in the same month only. Now, you cannot make deductions for two years. For short leave, it is an internal matter of the company. There is no law for the same.
Thank you.
J. S. Malik
From India, Delhi
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Dear,
Ideally, F&F should be paid off within 45 days. As far as the leaves and short leaves are concerned, they will be processed according to the company policy. As Malik sir mentioned, there is no specific rule or law currently in place regarding this query.
Regards,
Vipin:icon1:
From India, New Delhi
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Ideally, F&F should be paid off within 45 days. As far as the leaves and short leaves are concerned, they will be processed according to the company policy. As Malik sir mentioned, there is no specific rule or law currently in place regarding this query.
Regards,
Vipin:icon1:
From India, New Delhi
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Dear Mr. Malik and Mr. Vipin Thank you so much ! This information was a great help to me. Also if you could let me know under which section of Industrial dispute act does it fall?? Regards
From India, Gurgaon
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From India, Gurgaon
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Sir,
I am working in the Payroll Dept. I just want to learn a few things. Which is the law that specifies that we should clear all the dues in 48 hours? We might clear it in maybe 48 hours (which might be a fight), but how do we reach the ex-employee who might be located 8-10 business days away?
Second, I want to know what all clearances should we clear at the time of Full & Final.
Thanks a lot in eager anticipation of your help.
From India, Delhi
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I am working in the Payroll Dept. I just want to learn a few things. Which is the law that specifies that we should clear all the dues in 48 hours? We might clear it in maybe 48 hours (which might be a fight), but how do we reach the ex-employee who might be located 8-10 business days away?
Second, I want to know what all clearances should we clear at the time of Full & Final.
Thanks a lot in eager anticipation of your help.
From India, Delhi
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Full n final settlement.doc