I am working in a private company. I am having accumalated Earned leave of 70 days which has been accumalated for the past 8 years.
Now i want to encash the accumalated Earned leave.
Can anyone tell 1. Maximum number of days i can encash and
2. How many days i can carry forward.
From India, Madras
Now i want to encash the accumalated Earned leave.
Can anyone tell 1. Maximum number of days i can encash and
2. How many days i can carry forward.
From India, Madras
subject - Encashment of earned leave.
If you are working in a factory and covered by the Factories Act, you can acquire earned leave of 18 days at th end of December calculated at the rate of one day leave for twenty days of service. Such Ieave is allowed to accumuate up to 30 days. Thus under Factories Act, the maximum leave that can be encahsable is 30 days that too on quitting or discharge from service.
If you are working in an establishment covered by Shops Act, you need to refer to the Shops and Establishment Act of your State.For example the Bombay Shops and Establishments Act 1948 permits accumulation of leave up to 42 days which can be encashed at the time of quitting the service.
If your company has framed it's leave Policy, then leave encashment has to be claculated as per the said leave policy. If your company did not provide for leave encashment, then unavailed leave cannot be encashed.
B.saikumar
HR & Labour Law Consultant
Chipinbiz consultancy Pvt.Ltd.
Mumbai.
From India, Mumbai
54If you are working in a factory and covered by the Factories Act, you can acquire earned leave of 18 days at th end of December calculated at the rate of one day leave for twenty days of service. Such Ieave is allowed to accumuate up to 30 days. Thus under Factories Act, the maximum leave that can be encahsable is 30 days that too on quitting or discharge from service.
If you are working in an establishment covered by Shops Act, you need to refer to the Shops and Establishment Act of your State.For example the Bombay Shops and Establishments Act 1948 permits accumulation of leave up to 42 days which can be encashed at the time of quitting the service.
If your company has framed it's leave Policy, then leave encashment has to be claculated as per the said leave policy. If your company did not provide for leave encashment, then unavailed leave cannot be encashed.
B.saikumar
HR & Labour Law Consultant
Chipinbiz consultancy Pvt.Ltd.
Mumbai.
From India, Mumbai
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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