Dear Seniors,
Kindly guide me on the difference between "Leave during Calendar Year i.e. Jan-Dec" and "Leave during Financial Year i.e. Apr-Mar". In our organization, we are currently practicing "Leave during Financial Year i.e. Apr-Mar". Should we proceed and change it to the Calendar Year? If yes, then how will it benefit the organization? I need your valuable inputs on the same, as I have to take action accordingly.
From India, Pune
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2Kindly guide me on the difference between "Leave during Calendar Year i.e. Jan-Dec" and "Leave during Financial Year i.e. Apr-Mar". In our organization, we are currently practicing "Leave during Financial Year i.e. Apr-Mar". Should we proceed and change it to the Calendar Year? If yes, then how will it benefit the organization? I need your valuable inputs on the same, as I have to take action accordingly.
From India, Pune
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Dear Kaushambi there will be no benefit either loss to the company as the leave records will be precise if changed to calendar year as Jan-Dec instead of Apr-Mar
1. you can clearly say to the Employer stating it will be difficult to update the leave details in form 15 (Leave with wages Register) accordingly every year
2. For payroll purpose the leave management system will be precise and easy to explain to the Employees
3. The calculation of F&F, Leave En-cashment etc will be precise..
I hope your queries have been answered if there is some other question's please let me know..
-漫~*'¨¯¨'*·舞~ ŔĂМĶĨŚĤŐŔĔ ~舞*'¨¯¨'*·~漫-
▁ ▂ ▄ ▅ ▆ ▇ █ вέ Ļίķέ мίŕŕόŕ █ ▇ ▆ ▅ ▄ ▂ ▁
From India, Bangalore
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1. you can clearly say to the Employer stating it will be difficult to update the leave details in form 15 (Leave with wages Register) accordingly every year
2. For payroll purpose the leave management system will be precise and easy to explain to the Employees
3. The calculation of F&F, Leave En-cashment etc will be precise..
I hope your queries have been answered if there is some other question's please let me know..
-漫~*'¨¯¨'*·舞~ ŔĂМĶĨŚĤŐŔĔ ~舞*'¨¯¨'*·~漫-
▁ ▂ ▄ ▅ ▆ ▇ █ вέ Ļίķέ мίŕŕόŕ █ ▇ ▆ ▅ ▄ ▂ ▁
From India, Bangalore
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Dear Sir,
This is Satya. Please give me the information about the E.L, S.L, C.L, and Acts.
1. E.L means April to March I.D.M - 1947 under the Industrial Distribute Act.
2. You are including for the year E.L. Only 20 (365/20 = 20).
3. S.L under the AP Establishment Act is for 30 January to December.
Is this information correct? Any rectifications needed?
Thank you.
From India, Bhubaneswar
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This is Satya. Please give me the information about the E.L, S.L, C.L, and Acts.
1. E.L means April to March I.D.M - 1947 under the Industrial Distribute Act.
2. You are including for the year E.L. Only 20 (365/20 = 20).
3. S.L under the AP Establishment Act is for 30 January to December.
Is this information correct? Any rectifications needed?
Thank you.
From India, Bhubaneswar
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Employee Benefits.doc
Year calendar.pdf