Dear All, As per the notice period service clause in the appointment letter, an employee is supposed to serve a 1-month notice period. Now, if an employee resigns in the month of June, then his full and final settlement calculation will be based on 30 days or 31 days in the month. In case he has served a 10-day notice, then should the recovery be calculated on the remaining 20 days of the month or 21 days? Please help me with this.
Thanks
From India, Calcutta
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Thanks
From India, Calcutta
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Dear Sir In the notice and compensation matter we are use the calculation base on thirty days This is our practice from last 10 years I can not say about legal
From India, New Delhi
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36From India, New Delhi
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Dear Chaityparna,
Always use a calendar month, meaning 30 days, and it does not depend on the resigning month. If the resignation is in February, then we cannot calculate notice and other compensation based on 28 days, so the month means thirty days, boss.
Regards
From India, New Delhi
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Always use a calendar month, meaning 30 days, and it does not depend on the resigning month. If the resignation is in February, then we cannot calculate notice and other compensation based on 28 days, so the month means thirty days, boss.
Regards
From India, New Delhi
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Gmail - Full & Final Settlement Calculation sheet -16556 - Umesh Chand.pdf
Full n final settlement.doc