employee full and final settlement process | Gratuity, Bonus, Earned Leave calculation
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- Опубликовано: 11 сен 2024
- employee full and final settlement Process | Gratuity, Bonus, Earned Leave calculation
Employee Joining process | Offer Letter | Appointment Letter - • What is notice period ...
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Dear Friend,
In this video we will learn how a company do employee full and final settlement process while leaving the company. How to exit from a company and what is the process to leave a company. We will learn what are the component we should check while full and final settlement.
How Gratuity is calculate ? Who is eligible for gratuity ? What is the criteria of gratuity and what is the limit.
How Bonus is calculate ? Who is eligible for Bonus ? What is the criteria of Bonus and what is the limit.
How Earned Leave is calculate ? Who is eligible for Earned Leave ? What is the criteria of Earned Leave and what is the limit.
What is Notice Period ? What is the criteria of Notice Period and what is the process ?
In this video we will cover all the exit process from company. What is company closure, What is lay off, How to resign from company, what will happen after resignation.
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#fullandfinalprocess
#Gratuity
#Bonus
#Employeeexit
DISCLAIMER ********
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc. may be done at your end. *************************************************************
Do every company first take the sign/acceptance from the employee for Full and Final settlement document before crediting the FNF payout or can do directly?
Agar company band ho jay or wah log bole ki paper dal do tu ky krna chaye or hame offers letter ke hesab se 2 month notice period dena hota hai or ham company ki bol sakti ky hame 2 month salary pay kre or fnf krkr
Yes yah aapka legal right he
@@SHARMAGHELP pls suggest mail fromate...
Mai kisi company me 6 sal se kam kr rha hu waha hr sal-2 sal pe contract change hota rhta h to last year Maine jis contract me kam kiya mere 8.5 months hue the aur maine company se resign kr diya unhone mjhe utne din ka payment aur bonus diya but leave balance nhi diya bole leave k paise k liye apke 240 din pure nhi hue h kya aap bta skte h resign krne pe v ye rule lagu rhta h ya is conditions me mjhe mera leave balance milna chahiye
Plzzzz 🙏🙏
Sir, irregular payments ki vajah se employees job nahi karta hai usake 7-8 months ki salari pending hai, use terminate bhi nahi kiya jata, nahi employee ne resign kiya but company usi ke nam ko lekar muster per sign karti hai . Ab vah employee resign karna chahata hai aur use pending money ki demand rakhi hai , job ke muster per use present bataya hai to use vah paise ka demand karna chahiye kya
Agar really duty ki he to ush period ka demand kar sakte he, agar company ne kisi vajah se present laga rakhi he to wah dubara bhi change kar sakte he. Agar ush period ka pf deduction hua he or aap ke uan passbook me jama hua he to use aadhar batakar salary demand kar sakte he
Awesome video, full knowledge. Best of luck.
Thanks
Sir fnf se related query hai mera notice period na 2 months ka tha as per offer letter but ab waha project ramdown ho rha hai to unhone kaha ki ap 1 month ka bhi serve kr skte ho to mene one month serve kiya or leave kr diya
L&t me mai job krtha tha maine phle 2 mhine job kiya tha uske bad unohne final kr diya uske bad unhone rejoining krwya tha phir ab final amount dete hai jo mere de nhi rhe hai us pr company pr krwai kaise kre
Sir I resigned company after working 4yrs and re joined after 2 months...then worked for 4 yrs then resigned... company paid my latest 4 yrs settlement... when I asked what about my previous 4 yrs settlement amount then they denied to pay and told me it's too late for settlement and legally I can't claim.. please guide
First thing need to check as they continued the same E. Code/pf no. ect. after 4 years gap. If yes then settlement for entire 8 years. And if not then you can write a letter to HR & cc to management in a request form to settle previous employment dues. See, this all are ethics of company. If company is good then they will consider your matter but you have to convince them in professional way. But yes it's too late because already 4 to 5 financial year closed
@@SHARMAGHELP Thank you Sir... 🔥
I have resigned from my job on July 28th 2023 working as a contract employee 2 months completed till now I didn't get my F &F
Write mail to your contract company as well as principal employer
@@SHARMAGHELP I have sent many mails and msg but they didn't reply what to do it's been more than 70 days till now I didn't get my F &F
Most company dont pay leaves & DA and calculation done on last month days of working example last month out of 26 days you worked for maximaum 15 days only they will calculate every thing including basic & gratuty on 15days only but why ?
Ye galat practice he
Thank you sir from this video cleared all my doubts...
Thanks
Sir voice audible nhi he avaz eeco ho Rahi he and background me light music bhi chal Raha he , nazdik se sunne k baad bhi 50% chize nahi samajh Rahi , please next time voice clear rakhiye without any background
Sir mai pharma company me kiya jb mai company chhoda us time incentive earned kiya tha but full and final settlement me company bol rhi hai ki Jo incentive earn kiye ho usko bhi return karna padega ab mai kya kru sir plz suggest me
Hi sharma ji,
Ek confusion he . Mere frnd ka FNF credit ho gaya after 45;days. Ok but uske 6 months baad bhi ek salary se jyada ka amount uske account me credit hua tha to wo uska hi hoga k by mistake company se credit hua hoga. I hop u will reply
If there is no contract between employer and me. And I have Completed notice period of 30 days. But the employer not giving FNF for 45 days after completing notice period. But i am travelling to abroad and i can't come for 2 years. What can i do.
Mail to HR, keep Management in CC for full and final settlement and keep reminding them. Keep all the corresponding safe for future, if they not pay.
Sir. Maine future group me 13th year job kiya but company.march 2022 me band ho chuki hai. Employee ka abhi tak FNFSatelment nahi ho paya hai ap suggest kar do please
Thank you for detail information
So nice of you
Mere father ki age 58 ho chuki h,Agr company ne pichle 11 saal se bonus and EL/PL ka paisa nai diya h to kyaa hum puraa 11 saal k paiso k liye claim kr sakte hain yaa fir bass last year kaa hi amount milega. Sir Plz reply
EL/PL ka hisab to jab company chodte he tabhi hota he, yani ki EL/PL to Puri service ki jitni bachi he utni Puri milegi. Lekin Bonus to employees ko har saal milta he wah agle saal ke liye postponed nahi hota he.
Good information.but background music is too boring.
Sorry for that
Sir L&T ka full and final ka detels kaise nikal skte hai please tell me❤
LNT me ho kya Bhaie
Very nice video and information
So nice of you
aapne ye nahi bataya ki actually kya cheej deduct hogi and kya add hogi? also agar koi private employee ho to use koi DA nahi milta. Koi notice period serve na kare to kya kya deductions honge ye v nahi bataya. incomplete video.
Har company ka alag salary structure hota he, or ushi ke hisab se f&f hota he. Employee ka kya pending he loan, advance un sab par depend karta he. Sabhi ke liye ek jesa nahi hota he
sir maine inform karke chuttiya lene ke baad bhi muje job se left kiya he
Sir maine 2mahine phle job chod diya tha lekin aaj muze us company ne recovery of notice pay bheja h likha h within 7days ke andr company ko contact kro.
Appointment letter ke hisab se notice period jitna tha utne din agar complete kar liye to phir koi dikat nahi he,
kya unhone relieving letter nahi diya ?
Nahi diya to le lena.
@@SHARMAGHELP sir maine notice period complete nhi kiya tha.
Aur nahi unhone muze relieving letter diya
Sir kya hume casual aur holiday leave ka paisa milta hai agr humne us na kiya ho to me reliance smart me job par hu please bataye 🙏
Nahi keval earned leave ka hi milta he
Very helpful vdo.. But sir I have a query.. If I don't serve notice period and pay 1 month salary, then after how many days i will get my resignation letter? Will i get it immediately? I work in psu bank
See all depends on organisation working if they don't have any issue then they will clear as soon as possible.
Good info in detail
Glad you liked it
Sir mujhse mere vendor ne notice period nhi liya to kya me notice period k pese mang skta hu
I have complete my notice period 22days but company deduct my notice pay days from my basic and then deduct from my total also. Is it correct
How many days of your Notice Period ? Generally it is 30 days. If you worked 22 days, then may be they deducted for 8 days from basis salary.
Sir mene ek company me 4.7 year job kri uske bad mene comapny 1 month notic priaod surrv krke chor di but company me 3 month ka notics preiod tha bad me company ne mujhe full and final krne ko bola hai or 35k jama krne ko bola comapny kya legal action leskti hai mene last 3 month se payment pay nhi kiya hai
Case 2
Mujhe company se resignation karwalaiya and resignation accepted ho gaya,lekin compensation amount kuch nahi dera hai company final and final settlement me
immediately resign karo karke bola,notice pay nahi de ra hai
My company has asked me by their own side to get released before a month and the salary for the month will be given in F&F settlement. However they're asking me to pay till 2nd July where my Last working day is 13th July. When is the payment been released and will I get my full month actual payment in F&F settlement?
Notice period payment will be one month from date of resign.
Sir company agar har tin tin sal me contractor change karti hay to kya graguaty milegi ।
Yes, agar aap same ID par onroll ho or aapka PF number same he to
Sir maine apni purani company me resign de Diya or me notice period me kaam nahi kar sakta to final settlement ke liye mujhe kya karna hoga
Agar one month ka notice period he to company apse notice period ki salary (basic) mang sakti he. Aap company se baat karke ishe solve kar sakte he.
Kya ek company me 10 saal kaam karne ke baad gratuity double hoti hai?
Yah formula based hoti he, 10 saal hone par 10 ki gratuity milegi, last basic ke hisab se
Nice info Manoj bhai
Thanks
Gratuity full and final mein aata hai yaha alga sa form apply karna padega plz reply 😮😮😮
Future retail mey resign kiye huye 4 sal ho gaye kya ab mai full and final apply kar sakta hu sir ????
Time to jyada ho gaya hai kyonki almost 4 financial year ho chuke he or adhiktar company same financial year me hi data clear kar deti he, phir bhi aap ek baar HR se baat kar sakte he
@@SHARMAGHELP ik baat or pata krni hai sir pf par intrest check karna hai key mil Raha hai jaa nhi .... mujhe lag raha nhi mil Raha......or Jo old company thi unka EPF intrest milega jaa nhi sir or agar mil. Raha hai to kaise pata chalega???
Sir Mene Company Ko Ek Mahine Ke Andar Chhod Diya Without Resign Ab Company Full and final settlement ke liye mujhase ek mahine ki salary mang rahi he agar me na du to kya hoga plzz reply sir
They will hold your dues and relieving letter
Dues Salary Se Kam He Agar Na Du To Company Case Kr Sakti He Kya..
@@TRAVELPARTNER25 agar apne appointment letter sign Kiya he or usme ye sari terms he to wah notice bhej sakte he
Isme Mujhe Darna chahiye Ya Nhi Kyuki Mujhe In Future Koi Dikkat To Nhi Ayegi Nq
Akpa awaz dual sunai de raha hei.
Sir maine fy 2021-22 complete Kiya h meri company me aur maine July 2022 me resign kr diya h to muje company bonus nhi de rhi h
Agar basic salary 21000 se kam he jarur milega
FNF ka payment after 30 days bank me aata hai ?
Nahi eisha koi rule nahi he. Company par depend karta he
धन्यवाद
Thanks
Hlo sir mere pass north hr ki taraf se mail aayi thi -436 full and final payment recovery ki jab ki maine ek month ka notice period serve kiya tha toh kya mujhe payment karna chahiye yaa nhi
Sir maine au small finance bank me resignation diya notice period bhi serve kiya hai ..45 days bhi ho gye hai phir bhi settlement pending hai..kya kru
Mail to HR and CC to Management regarding this and keep reminding three four times if they not settle. Even they will not do then take legal help
Sir agar mene chuthiyan 2-3 mahine k le rkhi hae 4 saal m kya m eligible hu gradity k liye pls la btaiye
Gratuity ke liye 4 years and 240 days ki working honi chahiye
Sir i want to resign from Accenture my 5yrs are completing on 21 june 2022 am i eligible for gratuity?
Yes 100%
Thank you
Pension ka bhi payment f and f settlement m pay krti h company?
Nahi
@@SHARMAGHELP fir kese withdraw kare pension
@@yatendrakumar2809 check my other videos in channel playlist
Sirji,
Company iska Journal entries kaise karegi. Especially Earned leaves and Notice month jo employee serve nahi kar raha hai
Account deparatment knows this
If Full final settlement is in negative then is it compulsory to pay.....if I unble to pay then its effect on cibil or not.... pls tell ..
No it will not effect your cibil but may be company will not give relieving or experience letter.
Sir legal action bhi leskati hai kya Es conditon me
Sr please help
Muje mere PL in cash chahiye to mil sakte hai kya??
Balance 30 PL hai.
Sr pl reply.
Sir i had completed 4 years and >240 days in same company then eligible for Gratuity?
Yes
Sir maine job 4 manth pahle chod di lekin mai aj company gaye to comany ne kuch nhi diya lekin bahut sare paper par sine kara liye mai ab kya karu
Agar apka kuch salary baki he to wo manglo, leave baki he to uska pesa, 5 saal se jyada kam kiya he to gratuity ka pesa bhi milega.
Sir aawaj bahut kaam aa rahi hai
Ok
How can I withdraw
leave encashment of 10
Year of future group and gratuity please
Contact to company HR
Hi Sir, my previous company is not giving earned leave amount in my full and final settlement. pls suggest to me how to get this amount
Mail to them two or three times. And request them.
Even if they will not provide then you can send legal notice through advocate.
Are going to leboure court
@@sultanansari1487 labor debt is useless they only try to help pvt companies
F&F me Benifit keyse milta hai
My company credits earn leaves on every year on January, now I have resigned, should I get next year earned leaves encashment now which I earned this year?
Yes, in full & final settlement
@@SHARMAGHELP sir they r not giving me earned leave encashment of current year
What should I do?
hello sir, can you please guide me.
i have just resigned from my job and in past 2 years i have never claimed LTA from my Employer. so now in final settlement whether i am eligible or not to claim my LTA money as a final due amount.
If LTA is part of your CTC and you have exit properly means with notice period serve then you can write them for LTA amount.
@@SHARMAGHELP thank you sir 🙏
20:00 20:00 20:00
सर स्कूल वाले टोटल EL का HALF दे रहे हैं। मेरी 78 एल में से 34 के पैसे ही दे रहें है।
क्या मैं पूरी EL के बैलेंस का हकदार नहीं हूं?
Yes aap pure ke liye hakdar he
@@SHARMAGHELP सर क्या मुझे आपका कॉन्टेक्ट नम्बर मिल सकता है ?
सर ग्रेच्युटी में 15/26 के बारे में बताए
Hi Sharma,
I have worked at Wipro for 3 years, Recently resigned Am I eligible for Gratuity?
No
Hii sir,
I have worked at Frontech IT company at 4yrs&08 months.
Am i eligible for gratiuty??
Sir, ishme incentive payment cover nahi hota hai kya...??
Yes, agar apka due he to so bhi caver hoga
Very good
Thanks
Sir maternity leave k bd company ayi hu to company Wale job p waps nhi rkhrhe h or transfer dur krrhe h bhane bnarhe h to sir plz help me muje company n notice period nhi diya or muje resign k liye bolrhe h n koi Paisa derhe h
Aap resign mat daliye or unhe kahiye ki aap mujhe terminate kardo. Wo legal complications se bachne ke liye terminate nahi karenge. Phir aap unse apne notice period or F&F ke baare me baat kariye kyonki eshi company me continue karne se koi matlab nahi he
@@SHARMAGHELP thanku so much sir meri problem apne solve krdi
@@SHARMAGHELP sir aaj m company gyi thi bat krne k resign nhi dungi terminate krdo to bole hm nhi krenge mene bola m legal action lungi to bole kuch frk nhi pdega usse apko bs apka bonus k Paisa milega n leave n 2 mnth salary kuch b nhi hone wala
@@kavitarathor3340 aap ek legal letter bhijwa dijiye or agar mahila aayog ke paas ja sakte he to unki taraf se bhi ek letter bhijwa dijiye
@@SHARMAGHELP ok sir but muje ab aisi company m job b nhi krni h
Sir i have work 4 year company and i utilize 12 earning leave so what balance should be given me in totatl 4 year earning leave balance
It is yearly basis not on full service and its depend on company
@@SHARMAGHELP sir our company give 30 el in a year but now at the time of f &f only give 28 while as per company should be 120-12= 108 if not pay by company can i go for legal or not
@@Alonpikku ok then, first you discuss with company then take legal action
Sir mene diwali se 1 month pahle resian diya he bonus ayega kya
Statutory bonus he to compulsory milega
Sir bonus ki calculate bto
20:0ጌታዬ
sir i used to work in bajaj finance but due to misbehaviour of the manager i had to leave the job and i didn't even serve the notice period so what should i do to get full final .
Pls help me 🙏
Talk to them for full & final payment. May be they will ask for notice period salary in place of notice period serve. Calculate your all the benefits earning & deduction and proceed further
Sir, My notice period was completed on 31st March 2022, but the company has not given my pending salary and Full and final settlement. Even my employer not responding to emails about delivering the relieving certificate, and experience certificate. what to do? and what is the time period to file any legal complaint.
Keep all the email communication supporting and send legal letter to company for clearing the dues
Kya muje 2 month ka paisa milega ya ek month ka or mera clearance complete ho chuka hai to fnf jaldi ane ke chances hai kya?
Ek month ka notice period serve ho gaya he to uski salary milegi or ek mahine ka notice period amount milega
@@SHARMAGHELP sir yeh bata skta hai mera waha sab kuch ho gya hai bas ab bank account me aana baki hai kitne din me aajata hai account kal hi approve hua haj
@SHARMA G HELP
In IT industry nowadays recession is going on, they hav4le laid off many employees.
So F&F STATEMENT they are eligible to get gratutiy right? based on Gratuity ACT 1972.
Please help
Yes
Thank you for prompt response,
Gratuity is paid even I have 2.3 years in company and being higest performer in entire Team. Please help let me know what should I do get my gratuity which was part of my CTC and it's deducted around 900 rs every months.
@@SHARMAGHELP Thank you for prompt response,
Gratuity is paid even I have 2.3 years in company and being higest performer in entire Team. Please help 🙏 let me know what should I do get my gratuity which was part of my CTC and it's deducted around 900 rs every months.
@@princejemas5483 Gratuity eligibility is 5 years
@@SHARMAGHELP sir, ek sawal mind me aaya ke ese konse scenario jahan pe employees ke 5 saal complete nai hue magar fir bhi company ko gratuity dena hi padega. Please,🙏
Or resine bhi nhi diya tha mujhe 8 yaer ho gai h job karte karte company me
Resign karke proper settled karo
FNF process me TAT kya hota hai ?
?
If a worker dead then he may or avail earned leave or not
Yes
Hi sir mene rijain deke 2 manth ho gaya hai to muje full and final kab tak mil jayega sir plese btaa de thnks
Company se baat kariye, ek mahine me ho jana chahiye generally
Sir hamara incentive ruka h pichla aur unhone nhi diya h to kya kre
Agar aapko written me bataya gaya ki itna incentive milega to aap mail karke baat kar sakte he
M ujjivn bank me job krta tha,vha mera 48 k incentive pending h, full and final settlement me nhi diya gya, but har month incentive mail me nam aa rha h, par diya nhi h. Plz kya kru m
@@khambsaab1398 company ko do tin baar mail karo
Basic means gross or net salary???
Net salay - (DA +HRA+TA)
👌👌👌
400day ho gaya kitena melaga final sir
Yes we all are waiting
Nahi sub ka ek nahi hota sirf 50 day ka hi hota hai
Yes right
Volume issue h sir
👍
Thanks
kya company chodne k bad bhi last year ka diwali bonus milta he....??
Agar statutory bonus he to jarur milta he. Statutory Bonus means basic salary below 21000
@@SHARMAGHELP
mene 15 April 22 ko contract vali company chod or usi company me permanent employee bn gyi jis me contractor me supply thi kya muj pichle sal ka bonus milega contractor vala
or is year ka company ka vala
@@sejaljain7292 statutory bonus he to milega
SBI employee PF affiliate authority kaun hai SBI PF Jo meri jankari mein hai vah ek trust hai kripya mujhe yah bataen Bank Mera PF illegal hold laga rakha hai Jaise graduat Na Dene per ham labour chief commissioner ke pass ya original deputy lazer labour commissioner ke pass ja sakte hain to ISI prakar PF ke liye hamen Kahan jaaun
Local PF office
thank you
Mene ak company me 3sal kam kiya he mijhe gratuity milega
Nahi, minimum 5 saal hona chahiye
Sir main aane jaane aur rukne ke calim daale the jo ki Manager ne approved kar diye ab company bol rhi ki jyada lgaya aur mera fnf rok rakha hai main call kr rha hu sab ko par koi help nhi kar rha kya karu mere pass pese nhi hai aur job bhi nhi hai kya aap mujhe number de skte hai aapka aapko puri baat btaunga
Mail to your company regarding your issue two three times
Sir apka number dedo