PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Labour Laws & Ir
Legal & Complaince
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jatinadhavleaveencashment is given upon resigning services or the leave is carried forward if working still upto max two years accumulations
From India, Pune
jitendersyadavIts depend on the company policy, company can encash 50% everyear or can carryforward & encash at the time of resignation/retirement. Rgds/Jitender
From India, New Delhi
R.N.KholaDear Dhanesh, Then approach the law enforcing agency. With Regards, R.N.Khola (LL & IR) Skylark Associates, Gurgaon (Haryana) (Labour Law Consultants) Office: (M) (O) 0124-4264449
From India, Delhi
Its totally depends on co's policy tat wat they want to for settlement of leave encashments.
However, as per labour laws....leave encashment should payable at retirement or sepration from the job
thanx & rgds
From India, Mumbai
k r guptaif leave echasement provision is in the standing order of the company then u may complain it to the zonal labour inspector /commissioner with the salary received proof not having the amount of your leave encashement.
From India, Gurgaon
Leave in many companies the procedure is, the employee is allowed to accumulate his leave up to 30 days, if his services are of urgent and of essence the employer allow such employees to accumulate his leave even more of days.
Leave in some companies as per their existing policy, disburse the leave with wage for the accumulated leave in the month of January.
Actually leave is encashed only on resignation, retirement or on death of an employee, if a n employee who do not use his leave can accumulate upto 30 days as under factories Act, and after reaching 30 days of accumulation he or she has to utilise their leave or else it will get lapsed.
It is the employer discretion whether or not to encash leave during the employee is in service.
From India, Visakhapatnam
charvakaDear Dinesh, It’s depends on the company policy.organisation to organization policies are different. Regards Charvaka Reddy
From India, Hyderabad
As per shop and establishment act.every employee is eligible for earned leave .Theunutilsed leave at the time of parting of service should be encashed and cash paid to parting employee.
From India, Delhi