Hi all,
I got a notice from my last company regarding full and final settlement. I worked there for only 20 days. They were harrasing me badly. So i have to leave that company.initially I did not submit resign letter but within a week I wrote to Hr on email about my resign. I didn't render 15 days notice period instead of that I told them to buy out my notice period from my 20 days salary. My expected salary for 30 days was 20000 and they buy out charges for 15 days is 7000. But on that notice they mention that I am initialled only for 4000 rs and I have to pay them 11000. Plz advise me how to reply them as I don't want to pay them unnecessary.
Regards
Aakanksha
From India, Delhi
I got a notice from my last company regarding full and final settlement. I worked there for only 20 days. They were harrasing me badly. So i have to leave that company.initially I did not submit resign letter but within a week I wrote to Hr on email about my resign. I didn't render 15 days notice period instead of that I told them to buy out my notice period from my 20 days salary. My expected salary for 30 days was 20000 and they buy out charges for 15 days is 7000. But on that notice they mention that I am initialled only for 4000 rs and I have to pay them 11000. Plz advise me how to reply them as I don't want to pay them unnecessary.
Regards
Aakanksha
From India, Delhi
Did the company give you an appointment order?
What were the terms governing exit?
While you could have submitted resignation promptly,you have not collected your pay for 20 days work.
Company should not be pursuing you for 15 days notice period or it could be to set an example to other employees that they take notice period seriously.
I do not think that you have to pay them anything.Write a simple letter and explain your POV and then do not worry about this company.
However you need to follow terms of exit in proper manner to avoid unnecessary trouble.
From India, Pune
3131What were the terms governing exit?
While you could have submitted resignation promptly,you have not collected your pay for 20 days work.
Company should not be pursuing you for 15 days notice period or it could be to set an example to other employees that they take notice period seriously.
I do not think that you have to pay them anything.Write a simple letter and explain your POV and then do not worry about this company.
However you need to follow terms of exit in proper manner to avoid unnecessary trouble.
From India, Pune
Dear Friend,
You can ask for Buy back calculations on email and can ask for explanation for calculations.
Whats the notice period which you to serve?
What if, notice period is not served?
Regards,
Sapana
From India, Pune
You can ask for Buy back calculations on email and can ask for explanation for calculations.
Whats the notice period which you to serve?
What if, notice period is not served?
Regards,
Sapana
From India, Pune
Dear Akansha,
I have not read the Exit Policy of your firm, but can share how it works generally.
The notice can never be adjusted against the amount to be disbursed by the company.
Notice Period and salary are not calculated on the same metrics. If your per day salary in month is calculated on your CTC, Notice Period might be calculated on your basic.
Hence, the amounts vary marginally. Once you have resigned , your salary will be calculated on your Full and Final Settlement, which will include, pending leaves, and every other calculation.
Keeping every calculation in view, you are unlikely to deduce it accurately, unless you know the formula they use.
Furthermore, they have asked you to pay before releasing the amount, because that's exactly how it works. Unless you clear the accounts from your side, they cant initiate F&F .
I echo Nath Rao, please pay the amount to avoid any friction. Wish you all the best !
From India, Mumbai
I have not read the Exit Policy of your firm, but can share how it works generally.
The notice can never be adjusted against the amount to be disbursed by the company.
Notice Period and salary are not calculated on the same metrics. If your per day salary in month is calculated on your CTC, Notice Period might be calculated on your basic.
Hence, the amounts vary marginally. Once you have resigned , your salary will be calculated on your Full and Final Settlement, which will include, pending leaves, and every other calculation.
Keeping every calculation in view, you are unlikely to deduce it accurately, unless you know the formula they use.
Furthermore, they have asked you to pay before releasing the amount, because that's exactly how it works. Unless you clear the accounts from your side, they cant initiate F&F .
I echo Nath Rao, please pay the amount to avoid any friction. Wish you all the best !
From India, Mumbai
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06b-Form VI-B (Notice of Commencement of Contract Work).pdf
Form Q (Notice of Closure).doc