Leave encashment Dear friends,
Under Employees Provident Fund Act, Leave encashment payment whether attracts PF contribution?
Karnataka High Court has held that it is payable whereas Chennai High Court ( Madurai Bench) says not payable. PF circulars says when employee settles the account on termination it is not payble.
PF Organisation has to clarify the position ? Please throw some light on this isssue.
Regards,
Srinivas |