I would like to know more about the govt regulations regarding the notice period & the liabilities of the employee & the employer. In case there is 3 month notice period as per the employment contract and there are 45 Nos Accumulated Earned leaves then can these be adjusted in the notice period? Further the balance 45 day of notice period will be calculated on basic salary or Basic+HRA?
The earned leaves being encashed at present are on basic salary only. The Salary break up of employees is as follows:
Basic : 50% of total salary
HRA : 25% of total salary
Reimbursement : 25% of Total salary.
From India, Delhi
The earned leaves being encashed at present are on basic salary only. The Salary break up of employees is as follows:
Basic : 50% of total salary
HRA : 25% of total salary
Reimbursement : 25% of Total salary.
From India, Delhi
This will depend on your Company policy.
You can allow for the earned leave to offset the notice period, there is no legislation saying that you can or can't.
With regards to any payout of the earned leave, again, this can come down to your company policy. We pay the employee out of their accumulated Privilege Leave at their Basic Salary rate, which is 50% of Gross Salary. Some other companies may well pay out on full Gross salary rate.
From United Kingdom, London
1You can allow for the earned leave to offset the notice period, there is no legislation saying that you can or can't.
With regards to any payout of the earned leave, again, this can come down to your company policy. We pay the employee out of their accumulated Privilege Leave at their Basic Salary rate, which is 50% of Gross Salary. Some other companies may well pay out on full Gross salary rate.
From United Kingdom, London
If in liue of the short / insufficient notice period in case of a resign the company is deducting average daily income as Basic + HRA then will it not be liable to pay at the same rate in case of termination and immediate relieving? Is there a government regulation with regard to the same?
From India, Delhi
From India, Delhi
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