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FULL AND FINAL (F&F) SETTLEMENT

Full & Final Settlements commonly known at the FnF process is the procedure required to be followed by the employer after the employee has resigned from his/her services. The procedure is fairly simple and is as per guidelines set out in the appointment contract.
As a leading HR & Payroll Company consulting small and medium businesses Pan-India on things HR, Payroll & Compliance related ; exit formalities are something most companies remain clueless about. This week's post draws light on the major components that are part of Full & Final Settlement Statement.

Major Components that are part of the Full & Final Settlements

  • Unpaid Salary
  • Non-Availed Leaves & Bonus
  • Gratuity
  • Deductions
  • Pension