If the organization is following annual practice of encashing 10 EL and lapsing 5 EL-is it correct? Or only when max accumulation limit of 45 EL is reached (as per UP Shop & Establishment act), should encashment be done?
From India
, Gurgaon
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
EPFO Circular Leave Encashment.jpg