Depends on Wage definition under respective Act Either Foactories / Shops.. But If employee takes EL companies are paying full day wage similarly can be done for encashment also.
From United States, Cambridge
5From United States, Cambridge
,
Dear All , Thanks I still have this point to be clarified on leave encashment …Leave Encashment according AP shops & estb Act [Chapter 7 ; section 30].No clarity with encashment at the time of discharge/dismissal is provided.
Also It says " .. provided also that every employee in any shop and establishment shall be entitled for encashment of leave with wages for a period of eight days in every year."
Can anyone clarify on the same please.
Regards
Ravikiran.
From India
Dear All , Thanks I still have this point to be clarified on leave encashment …Leave Encashment according AP shops & estb Act [Chapter 7 ; section 30].No clarity with encashment at the time of discharge/dismissal is provided.
Also It says " .. provided also that every employee in any shop and establishment shall be entitled for encashment of leave with wages for a period of eight days in every year."
Can anyone clarify on the same please.
Regards
Ravikiran.
From India
Dear All , Thanks I still have this point to be clarified on leave encashment …Leave Encashment according AP shops & estb Act [Chapter 7 ; section 30].No clarity with encashment at the time of discharge/dismissal is provided.
Also It says " .. provided also that every employee in any shop and establishment shall be entitled for encashment of leave with wages for a period of eight days in every year."
Can anyone clarify on the same please.
Regards
Ravikiran.
attribution https://www.citehr.com/474723-what-r...#ixzz2jHCe51Dp
From India
Also It says " .. provided also that every employee in any shop and establishment shall be entitled for encashment of leave with wages for a period of eight days in every year."
Can anyone clarify on the same please.
Regards
Ravikiran.
attribution https://www.citehr.com/474723-what-r...#ixzz2jHCe51Dp
From India
Dear Schakraborty 69:
1. Basically Annual Leave facilities are governed under Factories Act 1948. If any Organization has its own Service Regulations, the rules related to annual Leave and encashment of unavailed portion of leave- mode,method of payment,Maximum and minimum leave to be encashed, No of times encashment is permitted will also be defined in the regulation.
2. In the Factory Act 1948 the payment of wages in respect of un availed leave is confined to employees who have been discharged by the employer or who have quit the job.
3. Under section 79 of the Factory Act an employee can carry forward a maximum of 30 days of leave to succeeding year. The law is silent regarding encashment.
4.Therefore the en- cashment of un availed leave is purely an amenity or welfare measure existing due to a settlement or negotiation between Management and the employees. When it is a settlement naturally it will be governed by special conditions related to method of payment inclusive of the components of the Gross salary to be considered for encashment.
SPKR
From India, Bangalore
1. Basically Annual Leave facilities are governed under Factories Act 1948. If any Organization has its own Service Regulations, the rules related to annual Leave and encashment of unavailed portion of leave- mode,method of payment,Maximum and minimum leave to be encashed, No of times encashment is permitted will also be defined in the regulation.
2. In the Factory Act 1948 the payment of wages in respect of un availed leave is confined to employees who have been discharged by the employer or who have quit the job.
3. Under section 79 of the Factory Act an employee can carry forward a maximum of 30 days of leave to succeeding year. The law is silent regarding encashment.
4.Therefore the en- cashment of un availed leave is purely an amenity or welfare measure existing due to a settlement or negotiation between Management and the employees. When it is a settlement naturally it will be governed by special conditions related to method of payment inclusive of the components of the Gross salary to be considered for encashment.
SPKR
From India, Bangalore
Refer to query, pl go through the contents U/s 79 of Factories Act and also Shops & Establishment Act of your state. The payment should be made on Basic + D.A. only. other components does not come under the part of wage.
Regards,
V R RAO PULIPAKA
From India, Chennai
Regards,
V R RAO PULIPAKA
From India, Chennai
Mr atul sir, can you provide me excel salary paroll excel file for payroll because i joint one org
From India, Mumbai
From India, Mumbai
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can anyone please help me for a job.Here with I am attached my CV and if u feel free please cotntact with my voice-9778503526
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Regards
Fayaz Mirza
In Govt. employee can accumalated max. 300 leave in his leave account and can encash at the time of superannuation or at the time of LTC (Max. 10 day leave)
The following components of wages are to be reckoned for the purposed of encashment of Earned leave at the time of superannuation.
1. Basic pay
2. Dearness allowance
3. City compensatory allowance
4. Special compensatory allowance (where ever applicable)
Illustration:
On the date of retirement, supposed an employee’s basic pay is Rs.20,000 /- + 27 % dearness allowance thereon and if 300 Earned leaves are at his credit on his leave account, the calculation shall be as under:
Basic pay Rs.20,000
Dearness allowance Rs. 5,400
---------------
Rs. 25,400 X 300 days = Rs. 2,54,000 /- (leave encashment amount)
Regard, \
Rahul
From India, Vadodara
The following components of wages are to be reckoned for the purposed of encashment of Earned leave at the time of superannuation.
1. Basic pay
2. Dearness allowance
3. City compensatory allowance
4. Special compensatory allowance (where ever applicable)
Illustration:
On the date of retirement, supposed an employee’s basic pay is Rs.20,000 /- + 27 % dearness allowance thereon and if 300 Earned leaves are at his credit on his leave account, the calculation shall be as under:
Basic pay Rs.20,000
Dearness allowance Rs. 5,400
---------------
Rs. 25,400 X 300 days = Rs. 2,54,000 /- (leave encashment amount)
Regard, \
Rahul
From India, Vadodara
I agree with KirshorKulakarni. If the Company has its own service conditions, the conditions should not deviate or dilute the conditions of the existing Central Act.Thus employee is eligible for the Leave salary equivalent to salary had he drawn if he is on duty.The allowances disallowed are compensatory allowances like conveyance,uniform cleaning, and food allowance.
From India, Bangalore
From India, Bangalore
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