Why is Privileged Leave Balance is divided by 2, while giving leave encashment

LBJD

Why is Privileged Leave Balance is divided by 2, while giving leave encashment
13th February 2019 From India, undefined

1077

Hi LBJD,
Generally PL/EL leave encashment is allowed 50% of what is in the credit of one's leave a/c. That's why - leave balance/2 to arrive at 50%. However you have to examine this w.r.t. your co's leave policy to have a clear picture.
14th February 2019 From India, Bangalore

Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.

Other Discussions That May Be Relevant

Leave adjustment - an employee who works on wo/ph he gets an additional privileged leave & 1-day wages

Making new leave policy - whether there is an industry-specific limit on the number of cl, sick leaves, or privileged leaves?

Difference between leave travel allowance (lta) and leave travel concession (ltc) reimbursement

Related Files & Downloads Shared By Members