when can we encash EL?IS it only during the time of seperation or supperannuation or can it be encashed without exceeding the accumulation limit and how?
From Switzerland, Biel
From Switzerland, Biel
Hi,
Akhila,
Exactly, this matter depends on individual company policy, becoz leave encash on in that case possible when company have funds.
The other thing is some companies are practicing of accumulation of EL upto 42 days of two years.
Pls check with your company's policy.
Rgds
Bhagwan
From India, Mumbai
51Akhila,
Exactly, this matter depends on individual company policy, becoz leave encash on in that case possible when company have funds.
The other thing is some companies are practicing of accumulation of EL upto 42 days of two years.
Pls check with your company's policy.
Rgds
Bhagwan
From India, Mumbai
thanx for that That means if i have 90 leaves to my credit,and the max. accumulation is 75,the 15 days i can encash anytime(in general)
From Switzerland, Biel
From Switzerland, Biel
Leave encashment depends on the company's policy. In Govt rules were almost regular, but in Private Organizations it depend on the policy.
In the meantime read my latest post on Performance Driven Culture.
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From India, Delhi
In the meantime read my latest post on Performance Driven Culture.
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From India, Delhi
Encashment of earned leaves depends on the company policy in case of private organizations.
In most of the cases there is a maximum limit (say 42 or 48) to accumulate earned leaves. Anything beyond that gets encashed at the end of the year (say december if the year followed for leaves is the calendar year).
Regards,
Nikita
From India, Pune
In most of the cases there is a maximum limit (say 42 or 48) to accumulate earned leaves. Anything beyond that gets encashed at the end of the year (say december if the year followed for leaves is the calendar year).
Regards,
Nikita
From India, Pune
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EL under Factories Act.doc