Employment Bond Payment
3 years ago
My company is asking me to pay a bond of ₹2,50,000/- as I'm leaving it before the completion of 12 months of full-time employment. In addition to the bond amount, a loyalty bonus amount of ₹1,26,000/- from my CTC won't be paid to me because an employee would be deemed eligible for it only in case he/she completes 12 months of employment. Also, my company is unwilling to encash the entire year's leave balance in FNF Settlement as per the pro-rata basis.
So, I'm looking for a legal opinion if I can have my bond adjusted with the loyalty bonus. As my company has already kept a huge amount from my CTC with itself, my concern is that it should adjust the bond amount with it and the rest amount payable by me. Also, is it legal for my company to not encash the entire year's leave balance?
Ankur Goel @ Complete Law Shield
Responded 3 years ago
Company has right to recover amount as per contract signed. Company can even file case also.
you can also take legal action for leaves, but you will not do anything legal if company doesnt consider anything because you are employee.
You can postpone if they go to court. Take phone consultation.
Seeking Legal Advice Regarding Employment Issue
Accountant in a production house
Not paid the April month salary
Salary deduction for not serving notice period
Less Full and final settlement
