the amount payed in lieu of notice, it will normally be calculated by references to the remuneration the employee would have earned if he had worked out the notice to which he was entitled. so that means notice pay is the exactly amount u will gain as salary at the end of that month which is gross, and deductions will be made according to your company.
From Tanzania, Dar Es Salaam
From Tanzania, Dar Es Salaam
I am a PO working in a PSU bank. On 24.01.2017 I had decided to resign bank, and had given a notice period of 3 months. In our bank the clause says either the employee needs to work for 3 months notice or make payment for the same. In the meantime on 08.02.2017, I was transferred from my current location to a far off place in Mizoram (which, I am convinced that the HR department did intentionally since I did not have the best terms with them). I decided to prepone my resignation to 10/03/2017 and pay for the remaining days, with a request to accommodate me temporarily in a nearby location. Once again the HR department did all they could to squander the talks. I then dropped a mail that I cannot be joining there in Mizoram, and let the company know of my intentions to pay all the amount (75 days of notice period since I worked from 25/01 to 08/02). I am being forced to go on a leave thus, as although I have made repeated requests the bank is not paying any heed. Given that am not joining, and given that I am ready to bail myself out by paying the full amount, can there be any ensuing problems regarding release? The only problem is that am not permitted to take leave, but neither am in a position to relocate to Mizoram for the last few days, and my resignation effective date is on 10/03/2017, given the complex tangle I am in, can anybody provide a solution?
From India, undefined
From India, undefined
In the appointment letter it is no where written that notice period recovery would be on gross or basic, in that case can a company say that we'll recover the amt on the gross salary. As per standard process across industry if company is adjusting the PL in basic then recovery amy should also be calculated on basic part. Pls clarify.
From India, Noida
From India, Noida
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Notice pay recovery certificate.doc
No GST on Notice Pay Nominal Canteen Fees (TOI - 25-Oct-2022)_1. jpg