Full & Final Settlement
Querist :
Anonymous
(Querist) 06 March 2010
This query is : Resolved
Hi,
I left my organisation on Dec, 2009, after serving a notice period of one month as per the company policy. At the time of leaving, despite of my request, nobody took the handover from me.
Then I handed over company’s belongings to my junior and took receiving of the same and sent scanned copy to HR at HO.
As per company policy the F&F gets done within 45 days but the process got initiated after 1.5 months.
Apart from my one month’s salary, company also owed to me the travel expense which i incurred for official purpose. Every time they came up with some or other query and delayed the F&F.
When i requested for full & final then company said that some of the equipment i.e. projector worth Rs. 40K is missing from the office and i will have to pay for them. Whereas at the time of leaving the organisation no such issue was there. Even in Audit, which was done by HO team, no such information brought to my notice while working with the company.
Now they have sent me the F&F sheet and deducting the amount under the head of INCOME TAX deduction and ADVANCE whereas they have been deducting the Income Tax every month and they DO NOT HAVE POLICY OF GIVING ADVANCE FOR EVEN OFFICE EXPENSE.
Moreover, they are not showing the loss of equipment under head of INCOME TAX DEDUCTION RATHER THAN ”Loss to Company”.
Isn’t it unlawful.
It is more than 3 months that Full & final settlement is not done.
Pl. Advise, how to take it forward.
Regards,
R. K
B K Raghavendra Rao
(Expert) 06 March 2010
You are supposed to write a representation to the Managing Director. If you do not receive any reply or if you do not receive favourable reply, then prefer an appeal to the Board of Directors. If your problem is not solved even after the appeal, then approach court.
