Dear Viswajit
Have you get any written clarification from company side, that your one month salary has been deducted in lieu of one month notice period? If the answer is yes than, you may discuss with the concerned authority along with the terms & condition of your Offer/Appointment letter. Usually companies hold one month salary of the employee subject to clearance of final “No Dues" from company & the same is released by the time of full & final settlement.
Thanx
Ramesh Dixit
Lucknow
From India, Mumbai
1Have you get any written clarification from company side, that your one month salary has been deducted in lieu of one month notice period? If the answer is yes than, you may discuss with the concerned authority along with the terms & condition of your Offer/Appointment letter. Usually companies hold one month salary of the employee subject to clearance of final “No Dues" from company & the same is released by the time of full & final settlement.
Thanx
Ramesh Dixit
Lucknow
From India, Mumbai
Dear biswajit,
In every company there must be Probition/confirmation period i.e employee have to get confirmation letter from Employer after completing 6 months (180 paid days of Emp).So on this basis employee can resign with out Notice period/ employer can terminate employee with out notice period.
u didn't complete Probition period .so,company has no rights to deduct ur salary.
Regards
Malini
From India, Hyderabad
In every company there must be Probition/confirmation period i.e employee have to get confirmation letter from Employer after completing 6 months (180 paid days of Emp).So on this basis employee can resign with out Notice period/ employer can terminate employee with out notice period.
u didn't complete Probition period .so,company has no rights to deduct ur salary.
Regards
Malini
From India, Hyderabad
Dear Nisha,
Salary components along with PF & ESIC may be like this -
Basic - 40-60% of Gross Salary
HRA - 40-50% of Basic Salary
CCA - 800/-
Other Allowance - Gross Salary - Basic+HRA+CCA
Gross Salary - Basic+HRA+CCA+Other Allowance
Employer's Contribution
PF Contribution - 12% Basic
ESIC Contribution - 4.75% of Gross Salary
CTC = Gross Salary+PF+ESIC contribution
Hope it must help you to solve your query.
Regards,
Amit Seth.
From India, Ahmadabad
Salary components along with PF & ESIC may be like this -
Basic - 40-60% of Gross Salary
HRA - 40-50% of Basic Salary
CCA - 800/-
Other Allowance - Gross Salary - Basic+HRA+CCA
Gross Salary - Basic+HRA+CCA+Other Allowance
Employer's Contribution
PF Contribution - 12% Basic
ESIC Contribution - 4.75% of Gross Salary
CTC = Gross Salary+PF+ESIC contribution
Hope it must help you to solve your query.
Regards,
Amit Seth.
From India, Ahmadabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Full n final settlement.doc