How is EL calculated if an employee reaches the maximum accumulation level?
For example, in an organization, there is a rule that 15 EL can be carried forward, with a maximum of 60. If an employee reached the ceiling level of 60 leaves in the 2019/2020 financial year and used 10 leaves in the 2020/2021 financial year, what will be the closing balance for 2020/2021 - whether it will be 60 or 50?
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From India, Sangamner
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For example, in an organization, there is a rule that 15 EL can be carried forward, with a maximum of 60. If an employee reached the ceiling level of 60 leaves in the 2019/2020 financial year and used 10 leaves in the 2020/2021 financial year, what will be the closing balance for 2020/2021 - whether it will be 60 or 50?
Thank you
From India, Sangamner
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It should be 50 (60 +15 = 75 reduced to a maximum of 60 - 10 = 50)
From India, Bangalore
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1159From India, Bangalore
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In this case, what about the leaves for 20/21? I was thinking if an employee reached 60 in 19/20, then he will not get any additional leave for 20/21. But if an employee uses 10 leaves in 20/21, will it be deducted from accumulated leave up to 19/20, or will it be deducted in 20/21, and at the end of 20/21, will the maximum of 60 remain the same?
Another example: If one employee reaches the maximum of 60 leaves and a second employee reaches 50 leaves. If both take 10 leaves in the next financial year, what will be the closing balance for both at the end of the financial year?
From India, Sangamner
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Another example: If one employee reaches the maximum of 60 leaves and a second employee reaches 50 leaves. If both take 10 leaves in the next financial year, what will be the closing balance for both at the end of the financial year?
From India, Sangamner
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Balance Tracker - Final.xls