dear Sir,
is it possible that if the company or organization provded the employee with EL and at the time of encashment it withholds the same or withdraws just to cut its costs.
is the same justified and legally have no imlications?
rgds
From India, Jalandhar
12is it possible that if the company or organization provded the employee with EL and at the time of encashment it withholds the same or withdraws just to cut its costs.
is the same justified and legally have no imlications?
rgds
From India, Jalandhar
Postponement of EL encashment is not illegal but can be done with mutual consent. However, refusing to encash shall not be a good exercise even when the same is initiated as a part of cost reduction. The former is a temporary arrangement. In the similar way a measure to encash only half the EL can also be adopted but for the time being.
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
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.
Salary-Note.doc
SALARY SHEET CALCULATION.xls