In case you are fired, is severance pay based on a month's usual salary or just the basic component? - The Economic Times

When an employee is fired from a job, an employer usually pays the compensation amount. This is typically known as severance pay. The question arises how much severance pay is usually paid by the employer when an employee is fired. Is it equivalent to monthly salary including allowances or basic pay of the monthly salary?

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The Economic Times on Severance Pay in India, Mehak Khanna posted on the topic