Dear All, when an employee is working in notice period for 3 months, in the last month will his salary be credited to his bank A/c, or to be settled with the full and final rgds, kaushik mondal
From India, Calcutta
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2From India, Calcutta
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Most companies prefer the full and final payment route nowadays.
From United States, Arlington
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From United States, Arlington
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Normally, the last month's payment will be paid along with the F&F settlement so that any debit can be adjusted in the settlement. This is the practice almost all organizations are following.
Thank you.
From India, Kumbakonam
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Thank you.
From India, Kumbakonam
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Pay two months salary in bank account and last month’s salary in final settlement by cheque.
From India, Mumbai
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From India, Mumbai
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Factories Act Compliance for Salary Payment
The Factories Act requires that on termination or resignation, the salary must be paid to the employee within 2 days from the last working day, and the remaining amount within 30 days. Therefore, it may not be possible for you to wait until the regular salary day. You should ensure all other work is prepared so that you can pay on time.
Regards,
From India, Mumbai
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The Factories Act requires that on termination or resignation, the salary must be paid to the employee within 2 days from the last working day, and the remaining amount within 30 days. Therefore, it may not be possible for you to wait until the regular salary day. You should ensure all other work is prepared so that you can pay on time.
Regards,
From India, Mumbai
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Full n final settlement.doc
Full & Final Payment.xls