Hi Dear All, I have just resigned from my company because of some family / personal reason after 10 months service.
I did not give any notice period (one month) to my company.
Now i got FNF letter saying that i have to pay Rs. 15000 to company since I have not served notice period.
In FNF, company has considered my 19 PL as Basic Salary for adjustment
and for Notice period amount they have calculated as Gross Salary, is this correct as per Maharashtra Labor Law?
In my appointment letter also it is written I have to pay 1 months salary (if I do not give notice period), but not written whether it is Gross or Basic.
Please suggest me,
Regards,
Sujit
From India, Mumbai
I did not give any notice period (one month) to my company.
Now i got FNF letter saying that i have to pay Rs. 15000 to company since I have not served notice period.
In FNF, company has considered my 19 PL as Basic Salary for adjustment
and for Notice period amount they have calculated as Gross Salary, is this correct as per Maharashtra Labor Law?
In my appointment letter also it is written I have to pay 1 months salary (if I do not give notice period), but not written whether it is Gross or Basic.
Please suggest me,
Regards,
Sujit
From India, Mumbai
604
Dear Sujit,
There are no specific rule for Encashment of Leaves. The companies prepare their own Rules for this. In this, most of the companies process the Encashment at the time of Full & Final on Basic Salary only. Because most of the employee don't take PL and accumulate them for encashment, whereas the accumulation is bounded upto a fixed number of leave and it varies state to state. As the benefit was not taken on time, that's why the Encashment is considered on Basic Salary.
Hope this information will be helpful for you.
From India, Delhi
There are no specific rule for Encashment of Leaves. The companies prepare their own Rules for this. In this, most of the companies process the Encashment at the time of Full & Final on Basic Salary only. Because most of the employee don't take PL and accumulate them for encashment, whereas the accumulation is bounded upto a fixed number of leave and it varies state to state. As the benefit was not taken on time, that's why the Encashment is considered on Basic Salary.
Hope this information will be helpful for you.
From India, Delhi
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