- This topic has 13 replies, 9 voices, and was last updated 1 year, 2 months ago by
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SI have joined my first company and have completed 1.5 years till now. But now I want switch as salary is low, but i have signed an bond due to which I cant leave the company till 2026 December. If i wanted my experience letter how much would I have to pay according to below details as present in the bond.
In case the Employee, for any reason, leaves the services of the Employer(s) before the completion of duration term till then he/she shall forthwith pay a sum of [Rs.1,00,000 /- + 18% GST (Rupees ONE LAKH ONLY + 18 % GST) or (last billing * No of months of contract remaining + 18% GST) whichever is higher towards the damages that may incur in the SALE/ Secrecy of the Clients and loss of business which the Employer(s) may incur. The Employee undertakes not to dispute the amount, and shall pay the amount, before requesting for formal relieving order from the Employer at the same time Employer has full right to initiate appropriate legal proceeding against the Employee.
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SIf you’re able to get a better offer go for it. Don’t bother about the bond such kind of bonds are illegal and if the company wants to pursue, send them a legal notice through a lawyer by spending about ₹1000.
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SYour salary slip will serve as proof.
Your PF statement is proof.
As you grow, the first job though it taught a lot, no one will bother. Your most recent will only matter and how you crack interviews.
So focus on preparing and clearing the interview.
Serve notice period.
Don’t burn bridges. -
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MThe bond is illegal. Funny how the company is charging GST . You can actually ask them what goods or service they are providing.
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PIllegal , r we sure ? Have you read the recent news , the company won against an employee in court for breaking the bond . It depends on the kind/type/details in agreement.
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MThe allowance is if the company can show that they have invested in training and require the employee to serve a reasonable timeframe to recover the cost. Considering that very few companies spend any money on external training and the cost of training is limited to training system / platform subscriptions…the company will have a challenge.
Next they have essentially blackmailed employees to sign under duress a bond – in a market where unemployment is rife – do people really have a choice of not signing up unfair agreements as a fresher.
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PDon’t do anything stupid… it’s ok you can shell 1,00,000 but don’t compromise on the integrity! If not now, later point in your career… You can very well get caught in BGC!
Although 1L, might sound high now… when you are at 40/50… you wouldn’t want to risk your job and put it on stake!
Act wisely bro!
Don’t listen to bond is illegal in India retards ! Yes it may be but more is on the EPFO! Your date of leaving will be blank and your future employers will just kick you out!
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Echeck near drawer they would have the company letter head take it and print it as you [like.No](http://like.No) one checks.I did when i started my job.
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