Notice pay
This query is : Resolved
21 July 2012
Dear All,
One of my friend has resigned from his employment. As per his appointment letter, he needs to serve 3 months from the date of resignation. His appointment letter says that 3 months of notice period or salary in lieu of notice will have to be given. He has served 1 month in the company & he is ready to pay 2 months of salary in lieu of notice. Now his company is asking for Full Salary i.e. CTC for 2 months. But as per our knowledge it should be only BAsic Salry. Can any body help me in this regard for the following:
1. HOW CAN HE DEFEND IT?
2. UNDER WHICH LAW/ACT (WITH SECTION OR PROVISION) HE CAN DEFEND?
THIS IS REALLY VERY URGENT. YOUR EARLY REPLY WILL BE HIGHLY APPRECIATED.
You can mail me your responses on my personal e-mail: cayateshrenuke@gmail.com
Thanking you all in advance.
Regards'
Yatesh Renuke.
+91-9011024099
+91-9403355599
One of my friend has resigned from his employment. As per his appointment letter, he needs to serve 3 months from the date of resignation. His appointment letter says that 3 months of notice period or salary in lieu of notice will have to be given. He has served 1 month in the company & he is ready to pay 2 months of salary in lieu of notice. Now his company is asking for Full Salary i.e. CTC for 2 months. But as per our knowledge it should be only BAsic Salry. Can any body help me in this regard for the following:
1. HOW CAN HE DEFEND IT?
2. UNDER WHICH LAW/ACT (WITH SECTION OR PROVISION) HE CAN DEFEND?
THIS IS REALLY VERY URGENT. YOUR EARLY REPLY WILL BE HIGHLY APPRECIATED.
You can mail me your responses on my personal e-mail: cayateshrenuke@gmail.com
Thanking you all in advance.
Regards'
Yatesh Renuke.
+91-9011024099
+91-9403355599
21 July 2012
In industry, the notice pay is paid/given for full monthly salary (including all components)
If the employer is giving the notice pay, for separating an employee from his duty they give full salary.
In the same way if the employee is not serving the notice period, then he will have to pay the full amt.
Further, these matters can be settled between employer and the employee at the mutually agreed terms.
If your friend wants the Relieving letter, then he will have to comply with the conditions.
If the employer is giving the notice pay, for separating an employee from his duty they give full salary.
In the same way if the employee is not serving the notice period, then he will have to pay the full amt.
Further, these matters can be settled between employer and the employee at the mutually agreed terms.
If your friend wants the Relieving letter, then he will have to comply with the conditions.
21 July 2012
Mutual discussion can help in arriving at a mutually acceptable conclusion.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
