Dear Sir/Madam,
Greetings!
I would like to inquire about leave encashment. How many leaves can we encash at the time of issuing the full and final statement? Is it mandatory to encash the remaining leaves during the full and final settlement?
Thanks & Regards,
Mansi
From India, Delhi
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Greetings!
I would like to inquire about leave encashment. How many leaves can we encash at the time of issuing the full and final statement? Is it mandatory to encash the remaining leaves during the full and final settlement?
Thanks & Regards,
Mansi
From India, Delhi
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Dear Mansi,
Yes, it is mandatory to pay encashment at the time Full and Final, but the number of leaves may vary as per the state. That means, for example, if the employee has a balance of 180 days, then you may encash the complete 180 days of the maximum accumulation limit prescribed by the state government. Please note, you need to adopt the same policy for all employees.
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395Yes, it is mandatory to pay encashment at the time Full and Final, but the number of leaves may vary as per the state. That means, for example, if the employee has a balance of 180 days, then you may encash the complete 180 days of the maximum accumulation limit prescribed by the state government. Please note, you need to adopt the same policy for all employees.
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Yes, it is mandatory. You may have the option of not encashing leave while the employee is in service, unless you refuse a leave request. However, at the time of resignation, termination, or retirement, you must compulsorily encash the balance leave as per the Shop and Establishment Act of the concerned state. Also, this rule is applicable across all levels and does not differentiate between workman and supervisor.
From India, Mumbai
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From India, Mumbai
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Manojkamble
Thanks for suggestion
Dear Sir,
Greeting!!
Thank you for giving such a good reply
I was asking because there is an employee in our company how did something wrong so that he terminated.
Usually we take only 45 leave of an employee for the time of full & final, rest of leave we incased yearly but I want to ask that can we incased more than 45 leave, less than 45 leave or if we didn’t do any encashment it’s also okay.
There is any website where I can take a documents which is prove of the leave encashment because my boss wants prove that why we do leave encashment
From India, Delhi
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Thanks for suggestion
Dear Sir,
Greeting!!
Thank you for giving such a good reply
I was asking because there is an employee in our company how did something wrong so that he terminated.
Usually we take only 45 leave of an employee for the time of full & final, rest of leave we incased yearly but I want to ask that can we incased more than 45 leave, less than 45 leave or if we didn’t do any encashment it’s also okay.
There is any website where I can take a documents which is prove of the leave encashment because my boss wants prove that why we do leave encashment
From India, Delhi
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Online payment of PF mandatory from 1.1.2016.pdf