Dear All,
I have seen many company having policy of notice period in lieu of salary or either. So my question while considerations notice period money need to recover all gross salary or only Basic+DA part from gross in the Full & Final statement.
What is the legal provision on same, as i am not aware on same.
Please appraise.
Thanks & Regards,
Anant Karad
From India, Pune
3I have seen many company having policy of notice period in lieu of salary or either. So my question while considerations notice period money need to recover all gross salary or only Basic+DA part from gross in the Full & Final statement.
What is the legal provision on same, as i am not aware on same.
Please appraise.
Thanks & Regards,
Anant Karad
From India, Pune
Most companies follow this rule and employee employee need to serve the notice period or in lieu of notice period employee need to pay gross salary amount.
From India, Lucknow
From India, Lucknow
There is no specific legal position on this.
Therefore it is open to the company to opt for either of them.
In some companies it may be stated in the standing orders.
There are arguments for both options.
Search the citehr forum and you will get detailed discussion that has already taken place many times on this topic
From India, Mumbai
Therefore it is open to the company to opt for either of them.
In some companies it may be stated in the standing orders.
There are arguments for both options.
Search the citehr forum and you will get detailed discussion that has already taken place many times on this topic
From India, Mumbai
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GST ON RECOVERY OF UNSERVICED NOTICE PERIOD.docx
Notice period.jpg