As decided by the management, leave encashment is to be done once in June each year. This is first year of organization. Cut off date is June. How can we calculate balance leave for the employees whose year is completing in July and August.
From Pakistan
2From Pakistan
I feel initially proportionate to the number of days / month completed as of June. Next year on wards, it will be for 12 months period!
From India, Madras
From India, Madras
You need to count as on date balance for the process, remaining employees who did not able to go for encashment they can do the same at next year.
Leave accumulates or accrues to an employee at the end of a year work employment
So if you are in the first year, there is no encashment
The employees can use this leave in the next year. If they don’t use, in the following year in June you encase what is not used.
Whatever is not used as on the cut off date is paid
From India, Mumbai
So if you are in the first year, there is no encashment
The employees can use this leave in the next year. If they don’t use, in the following year in June you encase what is not used.
Whatever is not used as on the cut off date is paid
From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg