when can we encash EL?IS it only during the time of seperation or supperannuation or can it be encashed without exceeding the accumulation limit and how?
Hi,
Akhila,
Exactly, this matter depends on individual company policy, becoz leave encash on in that case possible when company have funds.
The other thing is some companies are practicing of accumulation of EL upto 42 days of two years.
Pls check with your company's policy.
Rgds
Bhagwan
Leave encashment depends on the company's policy. In Govt rules were almost regular, but in Private Organizations it depend on the policy.
In the meantime read my latest post on Performance Driven Culture. <link outdated-removed>
Encashment of earned leaves depends on the company policy in case of private organizations.
In most of the cases there is a maximum limit (say 42 or 48) to accumulate earned leaves. Anything beyond that gets encashed at the end of the year (say december if the year followed for leaves is the calendar year).
Regards,
Nikita
Dear Sir,
As mentioned above, Encashment and earned leave depends on policy.
We are a small IT company and comes under bombay Shop & Establishment act. we are working on leave policy but don't want to give any encasement after exit.
kindly guide me. can i?
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