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What is FnF ? FnF stands for Full and Final Settlement. It is a process of calculating and settling all the dues payable to an employee who resigns, retires, or is terminated from an organization. The settlement process includes the employee’s salary, allowances, bonus, leave encashment, gratuity, and any other contractual obligations between them. Major Components Included in FnF FnF settlements are not a one-size-fits-all concept; rather, they are composed of several key components that ... FnF stands for Full and Final Settlement, a process of clearing all dues owed to the departing employee. Learn the rules, components, and format of FnF in India, and how to calculate and pay it within the legal time frame. What is FnF ? FnF full form stands for Full and Final settlement policy. FnF settlement, also known as the Full and final settlement , happens when an employee is leaving the organisation. The resigned employees have to undergo this process. The employees are paid salary for their last working month including any additional bonus and tax deductions. Discover the ins and outs of full and final settlement in this comprehensive guide. Learn the rules, calculations, and formats to ensure a smooth process.
