After an employee has resigned and completed his/ her notice period, admin must update the separation details and process the Full and Final settlement for the resigned employee.
To process the resigned employee's Full and Final Settlement, perform the following actions:
- From the greytHR Admin portal, navigate to Payroll > Payroll Inputs > Final Settlement. The Final Settlement page appears.
-
Click the Settle Employee button. The Settlement page opens.
Note: Alternatively, you can navigate to Actions > Payroll > Monthly Actions > Settle Resigned Employee. -
Under Step 1: Employee, select the Separated Employee radio button.
Alternatively, you can select the Search Employee radio button to search for a particular employee.
-
From the Employees to be settled dropdown list, search for the employee whose settlement process you want to complete.
-
Click Next. The Step 2: Resignation Details section appears.
-
From the Resignation Submitted On dropdown calendar, select the date of the employee's resignation.
-
From the Leaving Date dropdown calendar, select the employee's last day.
-
From the Leaving Reason dropdown list, select the employee's reason for leaving the organization.
-
From the Settlement Date dropdown calendar, select the settlement date of the employee.
-
Click Next. The Step 3: Notice Pay section appears.
-
Select the Notice Required checkbox to activate the notice period for the employee.
-
In the Notice Period text box, enter the number of days to be served as the notice period.
-
Based on the Notice Period you have entered system calculates the Shortfall in Notice days automatically.
-
Click Next. The Step 4: Work Days section appears.
-
Under the Days Worked column, enter the number of days the employee has worked.
-
Click Next. The Step 5: Leave Encashment section appears.
-
Enter the employee's leave details.
-
Click Next. The Step 6: Remarks section appears.
Note: Read and understand the note. To make a different choice regarding the IT declaration, click click here. -
In the Remarks text box, enter the remarks, if any.
-
Click Finish to complete the full and final settlement of the employees. A success message appears.
Was this article helpful?
Related Links:
❓FAQs - To read more about Income Tax, click here.
▶Video: To watch the Income Tax, click here.
📃Documentation: To read more about Income Tax declaration, click here.
📢Product Update - To read our product update, click here.