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Company To Pay Salary, Full & Final Settlement Within 2 Days Of Resigning: New Wage Code
India, 13 July 2022 8:54 AM GMT
Editor : Ankita Singh |
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As per the new wage code companies must pay out the full and final settlement of dues and wages within two days of an employee's last working day after their dismissal, resignation or removal from services or employment. At present, the common practice obeyed by companies is to pay the complete settlement of dues and salary after 45 to 60 days from an individual's last working day, and in many cases, it even goes at late as 90 days.
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