Respected Seniors,
In concern to Leave Encashment, we are clearing the amount in every six months, would like to know if it covers under the ESI deduction or not. If yes, then the encashment will be done on annual basis, hope then ESI deduction will not be applicable.
Kindly request to please guide on this, as any new policy or amendments will be effective from the April month.
Thanking you all in anticipation!!
Regards.
From India, New Delhi
1In concern to Leave Encashment, we are clearing the amount in every six months, would like to know if it covers under the ESI deduction or not. If yes, then the encashment will be done on annual basis, hope then ESI deduction will not be applicable.
Kindly request to please guide on this, as any new policy or amendments will be effective from the April month.
Thanking you all in anticipation!!
Regards.
From India, New Delhi
Any payment made to the employee quarterly/Half yearly/yearly mode is not covered under ESI.
From India, Thane
From India, Thane
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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