Resignation - 3 months notice as per New Labor Law

I am a monthly wage employee and I want to resign from my current post. Can I shorten my notice period to 1 month? Under the new law the notice period should be 3 months. What choice do I have because I already have an offer from another company? I have been 6 years with my current company.

Name withheld
Answer: You have to give a 3-month notice according to the new law but it also depends on the company. It is possible it could accept a notice for a lesser period. If not, then you can give notice for a certain period and pay for the period which is short of three months. This is equal to your salary for that period.

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resignationMITHUN | 10/10/2011 6:02:54 PM in above its written as "equal to your salary for that period"..is this the basic pay or full salary with allowance and all
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