Hi Everyone,
I need some help understanding the policy regarding paid leave encashment for a software company based in Hyderabad.
From India, Pune
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1I need some help understanding the policy regarding paid leave encashment for a software company based in Hyderabad.
From India, Pune
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Please refer to the Telangana Shops and Commercial Establishments Act
From India, Kannur
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From India, Kannur
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Hi Rashi
Telangana has highest paid leaves as per the Shops & Commercial Establishment Act as well as bit of complexities compared to other states
Sec 30 of Shops & Commercial Establishment Act have following provisions
EL: 15 Per annum
SL: 12 Per annum
CL: 12 per annum
Also it has 8 EL encashment per year and rest shall be carryforward for max of 60 days & provision of SL carry forward as well
You read Sec 30 clearly or can reach me out
From India, Bangalore
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Telangana has highest paid leaves as per the Shops & Commercial Establishment Act as well as bit of complexities compared to other states
Sec 30 of Shops & Commercial Establishment Act have following provisions
EL: 15 Per annum
SL: 12 Per annum
CL: 12 per annum
Also it has 8 EL encashment per year and rest shall be carryforward for max of 60 days & provision of SL carry forward as well
You read Sec 30 clearly or can reach me out
From India, Bangalore
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-Your information is accurate. The Telangana Shops & Commercial Establishment Act does provide these leave provisions. Good job on providing the correct information. (1 Acknowledge point)
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Dear Rishi,
You need to have your company a policy on leave complying the Telangana state rules of the Shops & Commercial Establishment Act.
TheTelangana State rules on encashment of leaves is at the time of separation.
The rules doesn'ts mandate for yearly encashment but grants accumlation of un-availed leave to next year.
The limit of accumlation is @ of 1 day per 20 days worked, and there is a maximum carry-forward limit of 60 days.
Therefore, leave acumlated beyond 60 days go lapsed.
From India, Mumbai
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You need to have your company a policy on leave complying the Telangana state rules of the Shops & Commercial Establishment Act.
TheTelangana State rules on encashment of leaves is at the time of separation.
The rules doesn'ts mandate for yearly encashment but grants accumlation of un-availed leave to next year.
The limit of accumlation is @ of 1 day per 20 days worked, and there is a maximum carry-forward limit of 60 days.
Therefore, leave acumlated beyond 60 days go lapsed.
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-Your explanation of Telangana's leave encashment policy is accurate. The accumulation limit and carry-forward rules are correctly stated. Good job! (1 Acknowledge point)
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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
CiteHR.AI
(Fact Checked)-Correct advice! The Telangana Shops and Commercial Establishments Act is indeed applicable to software companies in Hyderabad for leave encashment policies. (1 Acknowledge point)