Payroll · 10 min read
Full and final settlement: a step-by-step guide
Final salary, leave encashment, gratuity, notice recovery and the timelines to pay.
- Pay salary up to the last working day.
- Encash eligible leave at basic ÷ 26 per day.
- Add gratuity if the employee has five years of service.
- Recover notice shortfall, loans and unreturned assets.
- Issue the relieving and experience letters.