Notice period buyout includes hra or not

Suresh Arora (Querist) 18 June 2012 This query is : Resolved
Hi All,

I am working a Software Company in Noida. I want to leave this job and my notice period is 3 Months. I serve it for a month and planned to buy 2 months notice period. As per my knowlegde, it should be Basic Salary + DA but my company is taking on gross salary (i.e including HRA , LTA).

I want to know, Is it legal to include HRA also. If not, can you please help on this issue. Can I legally get rid of paying HRA.

Regards & Thanks,
Suresh Arora

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R.K Nanda (Expert) 18 June 2012
No, it is not legal.It is basic salary+DA.If

ur Co.does not agree to it then send a legal

notice to it.

Guest (Expert) 18 June 2012
Buyout is Basic salary +DA. If the company insists on anything more than this, send a legal notice to it.

H. S. Thukral (Expert) 18 June 2012
Notice period buy out shall be equivalent to earning per month as if you were on job. Definitely it will include HRA as well.

Shonee Kapoor (Expert) 19 June 2012
It is basic salary plus DA only.

Send them a legal notice, if they don't agree.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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