Hello Gupta., It’s mandatory for the management to encash the pending pl when any employee exit the company. Regards Geetha HR_Executive
From India, Bangalore
From India, Bangalore
Dear sir,
Encashment of pl is mendatory, and it should be encash on gross salary and paid upto 45 leaves, calculatio formula should be salary/26*no. of pl.
thanks & regards,
from,
sumit kumar saxena,
9899669071, 0120-4131008
From India, Ghaziabad
252Encashment of pl is mendatory, and it should be encash on gross salary and paid upto 45 leaves, calculatio formula should be salary/26*no. of pl.
thanks & regards,
from,
sumit kumar saxena,
9899669071, 0120-4131008
From India, Ghaziabad
EL’s / PL’s how will we calculate ? please tell me the procedure for caliculation of EL’s / PL’s ?
From India, Hyderabad
From India, Hyderabad
sir, pls tell me that any employer can encash PL on basic (Basic salary/30*nos of PL) it is wrong or & more than 15 PL can be leps by employer.
From India, Delhi
From India, Delhi
yes it is a wrong practice encashment is always calculated by 26 instaed of 30 and salary should be gross not basic, simply understand if any body is absent and his salary is deducted you deduct only basic of basic + all allowances.
thanks & regards,
from,
sumit
From India, Ghaziabad
thanks & regards,
from,
sumit
From India, Ghaziabad
@ Sumit.
PL encashment is not part of CTC and it is a sort of benefits. When you are absent, the deductions will be on Gross whereas while calculating a benefit it is generally on basic. Going by your logic to deduct only basic during absence, if you are absent for a whole month assuming no accumulated leaves are available in your account, will you expect salary excl. basic??
Pon
From India, Lucknow
PL encashment is not part of CTC and it is a sort of benefits. When you are absent, the deductions will be on Gross whereas while calculating a benefit it is generally on basic. Going by your logic to deduct only basic during absence, if you are absent for a whole month assuming no accumulated leaves are available in your account, will you expect salary excl. basic??
Pon
From India, Lucknow
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PF Deduction_Leave Encashment.doc
PF Contribution on Leave Encashment - Clarification by EPFO.pdf