2
Dear Nirmal,
if v ll calculate the leave encashment on G.Salary then it would become a huge amount of F&F, which will increase the attrition rate also. So, i think as per the standard form of calculating the F&F is better which is based on Basic Salary..
(BS/26)*LEAVE BALANCE
From India, Kota
if v ll calculate the leave encashment on G.Salary then it would become a huge amount of F&F, which will increase the attrition rate also. So, i think as per the standard form of calculating the F&F is better which is based on Basic Salary..
(BS/26)*LEAVE BALANCE
From India, Kota
hi
I would like to know the calculation for this.
an employee left service on 31.07.2010 and he is also having 18 Earned leaves at his credit and he has given one month notice.
Please enlighten me the shall i consider Earned Leave of this employee from 01.01.2010 to 31.07.2010 or 31.08.2010 (i.e: 10 leaves)
its urgent kindly reply
Shahida
From India, Mumbai
I would like to know the calculation for this.
an employee left service on 31.07.2010 and he is also having 18 Earned leaves at his credit and he has given one month notice.
Please enlighten me the shall i consider Earned Leave of this employee from 01.01.2010 to 31.07.2010 or 31.08.2010 (i.e: 10 leaves)
its urgent kindly reply
Shahida
From India, Mumbai
Hi,
I want an help regarding encashment/
Can a company make a policy "that leave balance will not be encashed if, there is short notice". I had paid for short notice period but did not received balance leave encashment to my credit at the time of leaving the organisation. My organisation is based out of Mumbai.
Please provide me legal guidance.
Regards,
Viral Shah
From India
I want an help regarding encashment/
Can a company make a policy "that leave balance will not be encashed if, there is short notice". I had paid for short notice period but did not received balance leave encashment to my credit at the time of leaving the organisation. My organisation is based out of Mumbai.
Please provide me legal guidance.
Regards,
Viral Shah
From India
If person joined on .1-4-2008. In our co. 21 days PL can take. person is resiging from 1-11-2010. I have to calculate d balance PL as on resign date. How do i calculate d balance pl. I want to d full n final settlement. (6 days leave taken in 2009.
Please assist.
Thanks
manish
From India, Mumbai
Please assist.
Thanks
manish
From India, Mumbai
Can anyone refer leading case laws on Leave encashment and notice pay in case of pre-mature termination of contract?
From India, Delhi
From India, Delhi
Hi,
our company is construction - bangalore based company. here one employee has taken extra 1.5 days leave that extra leave we have deducted from her full and final settlement because she is not having any pl balance. but out accounts department is telling if any leave deduction is there pls change last month salary statement accordingly her settlement amt ie., less 1.5 days extra. then it will be matching. as per our directors instruction we have not deducted any amount for her notice period, apart from that she has worked 8 days for aug'12, that 8 days we had shown in salary statement. our finance dept is saying their record payable amt has shown agus 8 days salary (that was on hold) that amt we have released along with her settlement time in that 1.5 extra deducted. That is why they are telling any additions we can do deletion not possible so kindly the change the salary statement for aug'12 (instead of 8 make it 6.5) . as per hr records no. of present how we will show less 1.5 days. kindly advice me regarding this.
From India, Bangalore
our company is construction - bangalore based company. here one employee has taken extra 1.5 days leave that extra leave we have deducted from her full and final settlement because she is not having any pl balance. but out accounts department is telling if any leave deduction is there pls change last month salary statement accordingly her settlement amt ie., less 1.5 days extra. then it will be matching. as per our directors instruction we have not deducted any amount for her notice period, apart from that she has worked 8 days for aug'12, that 8 days we had shown in salary statement. our finance dept is saying their record payable amt has shown agus 8 days salary (that was on hold) that amt we have released along with her settlement time in that 1.5 extra deducted. That is why they are telling any additions we can do deletion not possible so kindly the change the salary statement for aug'12 (instead of 8 make it 6.5) . as per hr records no. of present how we will show less 1.5 days. kindly advice me regarding this.
From India, Bangalore
Hi All,
Good Morning!!
I work for manufacturing industry. I need suggestion on CL & SL encashment at the time of separation or resignation from the services.
We use to encash EL, CL & SL unutilized balance at the time of full and final settlement, recently our Company has changed leave policy and decided to encash only EL or PL through full and final settlement, CL and SL balance will be lapsed at the time of leaving. We have informed this change to all existing employees by circular.
My question is -
This change will be applicable to all employees from circular date? Or only to those employees who has joined after 01/08/2016. E.g circular date is 01/08/2016 and employee joined on 01/01/2015 leaves organization 25/08/2016, his leaves will be enchased as per new policy or old policy?
Regards
Sagar
From India, Pune
Good Morning!!
I work for manufacturing industry. I need suggestion on CL & SL encashment at the time of separation or resignation from the services.
We use to encash EL, CL & SL unutilized balance at the time of full and final settlement, recently our Company has changed leave policy and decided to encash only EL or PL through full and final settlement, CL and SL balance will be lapsed at the time of leaving. We have informed this change to all existing employees by circular.
My question is -
This change will be applicable to all employees from circular date? Or only to those employees who has joined after 01/08/2016. E.g circular date is 01/08/2016 and employee joined on 01/01/2015 leaves organization 25/08/2016, his leaves will be enchased as per new policy or old policy?
Regards
Sagar
From India, Pune
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FW Full and final settlement of all my dues including salary leave encashment Gratuity PF .zip
PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc