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How to calculate previous earnings for two companies...

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coolsats
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How to calculate previous earnings for two companies...

Post by coolsats » Sat Jul 26, 2008 4:57 pm

Dear friends,

One of my friend want to apply for Tier 1, and in the past 12 months he has worked out with two companies.
When he left his first job, for one month he did not got his payslip, and the entire money was paid during the final settlement.
How can he show salary for that month...can he show the fianl settlement letter, and explain the situation.
Please help on this...

CoolestGuyC
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Post by CoolestGuyC » Sat Jul 26, 2008 6:08 pm

Submit the following stuff

1. Final settlement letter/certificate (with payment method and details,e.g. cheque number) with component details, from the company.
2. Bank statement showing final settlement deposit.

Write and explain all details in covering letter. This should be sufficient.


Submit the other payslips/bank statements as usual.

nithya
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Location: Bangalore

Post by nithya » Sun Jul 27, 2008 4:24 am

The final settelement letter and the bank statement will work as earnings proof..

coolsats
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Post by coolsats » Sun Jul 27, 2008 1:35 pm

Thanks a lot for your concern guys.

I have one more question.
Apart from the salary credit, i had around 15 leaves due, and the company encashed those leaves and paid me for that.
Can i even incude this amount in my previous earnings, or i should skip this and add only the salary that i got for that specific month.

nithya
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Post by nithya » Sun Jul 27, 2008 4:32 pm

If you can provide 2 set of proofs for that, then surely show that leave encashment as well.

coolsats
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Post by coolsats » Mon Jul 28, 2008 12:49 pm

What sort of proof is required here...
In the final setlement form, it says leaves encashed and the amount mentioned next to it.
And am gona get the final settlement attested from the company.
Will this be okey, or should i privide some other sort of proof, if yes then pls do let me know...

Mohanfromblr
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Same situation

Post by Mohanfromblr » Mon Aug 11, 2008 1:37 pm

Hi
I am also in the same situation as coolsats.
I have one Pay slip titled "FULL & FINAL SETTLEMENT" from my previous Employer during last 12 months.
It also has got one component "Leave Encashment for 15 days", --> 12,138 INR.
But I have that "FULL & FINAL SETTLEMENT" signed & sealed by that Employer.It also contains Ref. No of the Payment.
Bank statement shows that Net amount credited, only description "FULL & FINAL SETTLEMENT" in the statements. No instrument decsription, no reference No like the one issued by Employer.
I would like to cover all these things in my Covering Letter.
1. Is it OK?
2. A silly Question, the covering letter can be hand-written or should only be a print-out?


Thanks in Advance
MohanfromBlr

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