Code on Wages 2019- Get full & final settlement in 2 days


“Full and final settlement payment after employee resignation or retrenchment or termination should be paid within two days ? Is this rule out or still on hold?”

1 Like

It’s on Hold.
(more information will be shared in the community when the wage code is implemented)

User was referring to “With regards to payment of full and final payment after an employee quits, the Code on Wages, 2019 says, "Where an employee has been - (i) removed or dismissed from service; or (ii) retrenched or has resigned from service, or became unemployed due to closure of establishment, the wages payable to him shall be paid within two working days of his removal, dismissal, retrenchment or, as the case may be, his resignation.”

Powered by | India's No.1 Payroll and HR Software.
9000+ Clients
150 Cities
10 Lakh+ Users