Re-FNF

What is Re-FNF (Revised Full & Final Settlement)?

Re-FNF refers to the revised or corrected Full and Final Settlement processed when discrepancies, missed payments, or errors are identified after the original FNF has been completed. It ensures all dues are correctly paid or recovered.

Key Features:

Purpose: To rectify calculation mistakes, missed bonuses, arrears, or statutory corrections after separation.

Scenarios:

• Missed reimbursement claims.
• Revised leave balance encashment.
• Post-separation bonus or arrears release.

Process:

• HR and finance review the previous FNF.
• A supplementary payroll run is made for corrections.
• Revised payslips and Form 16 are updated accordingly.
• Taxation: Adjusted in the same financial year; TDS recalculated.
• Timeline: Processed typically within 15 days of issue discovery.

Example

After FNF, Rohan’s missed attendance incentive of ₹5,000 is identified. A Re-FNF is processed to pay the additional amount with updated statements.

Why Re-FNF Matters:

It ensures accuracy, fairness, and compliance in separation settlements, upholding transparency and employee trust.