1.Have you tendered notice of resignation with 30 days notice period or resignation with immediate effect?
If the notice period applicable to you is 30 days and you have tendered 30 days notice then:
---company can not recover/adjust any notice pay in FnF.
---company can not accept resignation before expiry of notice period and if it does it has to tender notice pay to you and it is upto you to accept notice pay in lieu of notice period or serve full notice period.
If the notice period applicable to you is 30 days and you have not tendered 30 days notice then:
---company can recover/adjust any notice pay in FnF.
---company can waive off the notice period.
2. You have posted that:
"Company is forcing me to serve 30 days notice with 50% of the target to be completed or monetary payment against notice."
Is this condition stated in writing?
If yes then if you achieve 50% of the target during notice period then you don’t have to tender any notice pay and/or company can not adjust/recover notice pay in FnF.
1. Notice period/pay is part of service conditions that is governed by various enactments e.g.
(Name of the state) Shops and Commercial establishments Act that was enacted to govern service conditions of employees working in establishments covered by the Act and as per the Act notice period is as per length of service period and you should look into the clause on notice period in the Act as it shall prevail upon the private agreement signed by employer with employee e.g. appointment letter/HR policy/service rules and regulations etc…….
Standing Orders (certified /Model); Standing orders are certified on the lines of Model Standing Orders and as per Sec;13;;;;Notice Period during probation Period is NIL and after confirmation of service is 30 days…….. Standing Orders being instrument of law/statue shall prevail upon the private agreement signed by employer with employee e.g. appointment letter/HR policy/service rules and regulations etc…….
You should certainly approach an able Labor Law Consultant/Service matters Lawyer with all docs on record.
You may become member of employee’s/Trade Unions and be properly informed and protected………..