Intelligent Business System / Not giving salary to employee
I was recruited in company(Intelligent Business System, Mumbai), on the salary package of 1.7 (INR) lack per annum. at the time of joining, company said that your one month salary will be on hold as security deposit which will be given back to you at the time of your resignation with fulfill your notice period. Now it has been 4 months completed. I am working in company but they are not giving my compensation against my work.
Company saying that, financial condition of company is weak so your 50% salary will not be given. in the rest of 50% salary will be giving in two installment one is 60% in months of july-2008 & rest 40% of 50% of salary in the end of august month-2008. Till date i did not get any compensation. Please provide me solution.