Plz advise which of the leave is encashed at the time of employee separation. i know PL is encashed but is there any limit? whether SL is encashed? Regards, Neha.
From India, Pune
From India, Pune
Normaly, only PL/EL is being encashed while leaving an employee. Limitation of days of PL/EL encashment and encashment of SL is depending up on the policy of the organization ,which is vary from organization to organization.
Regards,
Sivadasan
From India, Udaipur
7Regards,
Sivadasan
From India, Udaipur
Hi Priya,
The casual leave shall be not combined with earned leave(EL or PL).The unavailed earned leave can be carried forward to the next year,up to maximum pf two years(24 days).
An employee is eligible for 12 days of earned leave in a year.Earned leave can be avalied only on completion of one year of service by the employee in the organisation.The earned leave taken in the first year of service will be treated as loss of pay and will be deducted in the payroll.
Earned year should be planned in the beginning of the calendar year and cannot be taken for more than 3 times in a year.
At the time of separation,unavailed earned leave can be encashed as a part of final settlement.
This may be differ from one organisation to another.
Warmest Regards,
Mohan.M.S
From India, Madras
The casual leave shall be not combined with earned leave(EL or PL).The unavailed earned leave can be carried forward to the next year,up to maximum pf two years(24 days).
An employee is eligible for 12 days of earned leave in a year.Earned leave can be avalied only on completion of one year of service by the employee in the organisation.The earned leave taken in the first year of service will be treated as loss of pay and will be deducted in the payroll.
Earned year should be planned in the beginning of the calendar year and cannot be taken for more than 3 times in a year.
At the time of separation,unavailed earned leave can be encashed as a part of final settlement.
This may be differ from one organisation to another.
Warmest Regards,
Mohan.M.S
From India, Madras
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Hi Neha,
PL / Earned Leave is encashable at the time of separation. Generally, upto 30 leaves per annum can be accumulated & maximum encashment Leave Quota differs from organization to organization.
However, generally the upper limit is 300 leaves. Also, SL is encashable at the time of separation.
CL can be clubbed only with unavailed SL.
From India, Mumbai
Hi Neha,
PL / Earned Leave is encashable at the time of separation. Generally, upto 30 leaves per annum can be accumulated & maximum encashment Leave Quota differs from organization to organization.
However, generally the upper limit is 300 leaves. Also, SL is encashable at the time of separation.
CL can be clubbed only with unavailed SL.
From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
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EPFO Circular Leave Encashment.jpg