Calculation of buyout notice period

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Hi Team,

 

I have calculate two months notice period for our employee who has resigned and would like to join other firm in one day notice please let me know wither i should take only basic pay or the whole salary which inculdes Basic pay , hra, TA & special allowance.

Replies (1)

It depends on the policy of the company. There are companies which calculate the notice period recovery on basic only and some do it on all the components of the remuneration.

 

You should keep in mind the labour law implications in respect of the same. Tx

 

Regards,

Rahul


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