One of my freind is working for 7 year in a company which has head office in Tamilnadu State, which state act will apply on his company. Whether he has a right on leave enchament as he has more than 150 PL balance when he tried to ask clearification from company hr company says they dont have a policy for leave encashment is there any legal boundation on the employer to do so or simply they can refuse.
Searched your web site a lot but could not fetch the desired reply.
kindly let me know legal boundation of employer on on Pl Encashment.
Searched your web site a lot but could not fetch the desired reply.
kindly let me know legal boundation of employer on on Pl Encashment.
Dear friend
It depends on companies policy, whether they encash PL during the service or not because there is no provision under Factories act 1948 to encash PL during the service period but to accumulate unavailed leave maximum up to 30 days in case of adult and forty in the case of a child. But at the time of leaving the job on superannuation or dies while in servie/discharged or dismissed from service shall be entitled to wages in lieu of quantum of leave to which he was entitled .While preparing his Full and final statement, all balance PL should be encashed.
Regards
Shaukat Hussain
From India, Jaipur
6It depends on companies policy, whether they encash PL during the service or not because there is no provision under Factories act 1948 to encash PL during the service period but to accumulate unavailed leave maximum up to 30 days in case of adult and forty in the case of a child. But at the time of leaving the job on superannuation or dies while in servie/discharged or dismissed from service shall be entitled to wages in lieu of quantum of leave to which he was entitled .While preparing his Full and final statement, all balance PL should be encashed.
Regards
Shaukat Hussain
From India, Jaipur
Dear Friend PL encashment is mendatory at the time of retirement or leaving the service. Employer has to give it. Dilip
From India, Surat
From India, Surat
Thanks guys for your reply but I want to clearify whether there is any statutory boundation on employer to encash the balance PL at the time of exiting from company and further more please help what part of salary we take into consideration while calaculating pl encashment amount as per factory act this is basic+da/26*no of pl. Is it the maximum possible amount or any part of law which support full salary/30* no of pl.
It will be on Basic + DA / 26 or 30. (depends how he has been paid monthly for 26 or 30/31 days)
From India, Mumbai
From India, Mumbai
Dear Malik,
I accept your statement.
The Leave encashment is calculated differently in different organisations:
for Central Govt. employeees the formula is :
Basic Pay + DA / 30 x No of days unavailed earned leave
in case of industrial employees the formula is :
Basic Pay + DA /26 x No of leave to be encashed.(Applicable only if he is paid for 26 days)
Most of the organisation policy, the employee leave wage has been calculated as Basic Pay + DA / 30 x No of days unavailed earned leave.(Employees are paid for 30 days and not 26 day)
From India, Mumbai
I accept your statement.
The Leave encashment is calculated differently in different organisations:
for Central Govt. employeees the formula is :
Basic Pay + DA / 30 x No of days unavailed earned leave
in case of industrial employees the formula is :
Basic Pay + DA /26 x No of leave to be encashed.(Applicable only if he is paid for 26 days)
Most of the organisation policy, the employee leave wage has been calculated as Basic Pay + DA / 30 x No of days unavailed earned leave.(Employees are paid for 30 days and not 26 day)
From India, Mumbai
kyia leave encashment par pf katha ha if cut pf on leave encashment rather why if dont cut pf on leave encashment rather why please give me solution my senior thanlking you best regards sanju singh
From India, Hyderabad
From India, Hyderabad
Dear Seniors
I am newly joined one finance service oriented concern. i am from manufacturing . i don't know shops & Establishment Act .in this concern situated in all states. i need statewise Shops & establishment Act ,returns, register, abstract and any other renewals due date , registeration formalities etc., and moreover i want know which acts applicable under shops & establishment act . Please help me . My e.mail id is
thanks & regards,
S.Muthu
From India, Madras
I am newly joined one finance service oriented concern. i am from manufacturing . i don't know shops & Establishment Act .in this concern situated in all states. i need statewise Shops & establishment Act ,returns, register, abstract and any other renewals due date , registeration formalities etc., and moreover i want know which acts applicable under shops & establishment act . Please help me . My e.mail id is
thanks & regards,
S.Muthu
From India, Madras
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.
PF Case Law - Leave Encashment.doc
Statutory Compliance of a Industrial or Commercial Unit.xls
Statutory-compl iance.pdf