Earned Leave Policy - Paid Leaves
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Earned Leave Policy - Paid Leaves

walsa Started The Discussion:

Our Company credits 15days' of Earned Leave to an employee after the completion of one year from the date to joining. The calculation is that for every 20days' worked, the employee earns one day Earned Leave. My question is that if he avails only paid leave in a year, is he still eligible for 15days' of Earned Leave next year?

R.N.Khola - Member Since: Feb 2009
Dear Member,

Under which of the Act you are to grant Earned Leaves to your employees ?

With Regards,
R.N.Khola
Sr. Associate (LL & IR)
Skylark Associates, Gurgaon (Haryana)
(Labour Law Consultants)
(M) 09810405361 (O) 0124-4264449
http://www.indiamart.com/skylarkassociates/
Quote:
Originally Posted by walsa View Post
Our Company credits 15days' of Earned Leave to an employee after the completion of one year from the date to joining. The calculation is that for every 20days' worked, the employee earns one day Earned Leave. My question is that if he avails only paid leave in a year, is he still eligible for 15days' of Earned Leave next year?

pillaip - Member Since: May 2010
Wanted to know whether leave travel amount (eligible as per rules) can directly reduce from the taxable income or its also part of any heads like 80c, 80d, 80b etc PP

R.N.Khola - Member Since: Feb 2009
Dear Bebilin Patel,

Go through the Act under which you are to encash the Earned Leaves.

With Regards,
R.N.Khola
Sr. Associate (LL & IR)
Skylark Associates, Gurgaon (Haryana)
(Labour Law Consultants)
(M) 09810405361 (O) 0124-4264449
http://www.indiamart.com/skylarkassociates/
Quote:
Originally Posted by bebilin patel View Post
how we eccash the EL.
thanks and regards
Bebilin Patel

Chini Sharma - Member Since: Jun 2010
Hi! LTA does not come under any section like 80c etc. Yes, it is directly reduced from the taxable income, if self declaration is provided by the employee. Chini

khadim kapadia - Member Since: Jun 2010
Hi,

Expenses incurred during travel i.e.2nd class return fare to the nearest railway station and nominal addl.expenses like cab fare from that railway station to your destination is treated as non taxable.

If it does not exceed the LTA payable to the employee then the balance amount i.e. LTA payable - Travel expenses will be treated as taxable.

If it exceeds then the total LTA amount will be treated as non-taxable.


Khadim

shradha_saxena - Member Since: Mar 2010
We have vacancy for the position of Sales Manager in various Insurance Companies. The position is for Delhi. Candidate should have a minimum of 2 years of experience in sales/marketing. Should be living in Delhi for not less than 2 years.
Suitable and Interested candidates can reply me by there updated resume so that I can get back to them.
Providing good salary package + Incentives
Send your updated Resume on

R.N.Khola - Member Since: Feb 2009
Dear Member,

It will be more useful if you post your information on forum 'Job seekers".

With Regards,
R.N.Khola
Sr. Associate (LL & IR)
Skylark Associates, Gurgaon (Haryana)
(Labour Law Consultants)
(M) 09810405361 (O) 0124-4264449
http://www.indiamart.com/skylarkassociates/
Quote:
Originally Posted by shradha_saxena View Post
We have vacancy for the position of Sales Manager in various Insurance Companies. The position is for Delhi. Candidate should have a minimum of 2 years of experience in sales/marketing. Should be living in Delhi for not less than 2 years.
Suitable and Interested candidates can reply me by there updated resume so that I can get back to them.
Providing good salary package + Incentives
Send your updated Resume on

Latha Kanagaraj - Member Since: Jun 2010
Hi... earned leaves are calculated as one leave for 20 working days. As per my knowledge, Once the EL is paid to the employees the leaves are carry forwarded to the next year and accumulated upto 30 leave days only. If then also the employee didnt take any leave, the leaves will be paid and not carry forwarded further. New leaves has to be calculated.

ajeetvarma50 - Member Since: May 2010
Hi Walsa,
This is regarding your query on "earned leave". As far as I understand your company is allowing you to earn 15 days leave in a year i.e. @ 1 day leave after 20 days of active service. Now when u avail your 15 days leave or part of your earned leave, u will not be entitled to earn leave during your leave period. Also ensure that some organisation do not allow leave in driblets. I mean to say that in a year 15 days leave can not be availed on various 15 days. Please check up this.

Regards



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