Hello, i am working in a company since july 2001. Before 2005 my company was under proprietorship and in 2005 it was converted into private limited w/o giving full n final to the existing employees. Earlier it use to give 12 leaves in an year but after it became pvt ltd, they started giving 15 But we were never given any encashment of
Thanks
Dinesh
From India, Pune
4Thanks
Dinesh
From India, Pune
leaveencashment is given upon resigning services or the leave is carried forward if working still upto max two years accumulations
From India, Pune
From India, Pune
Its depend on the company policy, company can encash 50% everyear or can carryforward & encash at the time of resignation/retirement. Rgds/Jitender
From India, New Delhi
From India, New Delhi
Dear Frn,
Its totally depends on co's policy tat wat they want to for settlement of leave encashments.
However, as per labour laws....leave encashment should payable at retirement or sepration from the job
thanx & rgds
bhagwan tolani
sr. Hr
TM Group
From India, Mumbai
Its totally depends on co's policy tat wat they want to for settlement of leave encashments.
However, as per labour laws....leave encashment should payable at retirement or sepration from the job
thanx & rgds
bhagwan tolani
sr. Hr
TM Group
From India, Mumbai
Hi
Leave in many companies the procedure is, the employee is allowed to accumulate his leave up to 30 days, if his services are of urgent and of essence the employer allow such employees to accumulate his leave even more of days.
Leave in some companies as per their existing policy, disburse the leave with wage for the accumulated leave in the month of January.
Actually leave is encashed only on resignation, retirement or on death of an employee, if a n employee who do not use his leave can accumulate upto 30 days as under factories Act, and after reaching 30 days of accumulation he or she has to utilise their leave or else it will get lapsed.
It is the employer discretion whether or not to encash leave during the employee is in service.
Mohan Rao
Manager HR
From India, Visakhapatnam
Leave in many companies the procedure is, the employee is allowed to accumulate his leave up to 30 days, if his services are of urgent and of essence the employer allow such employees to accumulate his leave even more of days.
Leave in some companies as per their existing policy, disburse the leave with wage for the accumulated leave in the month of January.
Actually leave is encashed only on resignation, retirement or on death of an employee, if a n employee who do not use his leave can accumulate upto 30 days as under factories Act, and after reaching 30 days of accumulation he or she has to utilise their leave or else it will get lapsed.
It is the employer discretion whether or not to encash leave during the employee is in service.
Mohan Rao
Manager HR
From India, Visakhapatnam
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg