Hi Fellowmates, I would like to know how I can benefit from encashing my PL/AL, which is in my account but has a carryover limit of 45 days after December 2010 and starts with a fresh account in January 2011. I am planning to move out of my current organization by January. Would it be better if I do it by December itself to take advantage of encashing the leave, which will lapse by January anyway? I request your suggestion on the same.
Thanks,
Kalash
From India, Bangalore
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Thanks,
Kalash
From India, Bangalore
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The accumulation of EL/PL depends upon the applicability of the Act upon the establishment or on the earned leave rules/policy which is in force at the time of leaving the organization. The calculation of leave will also be provided by the Act. Therefore, go through the Act or rules which are applicable in your case.
Regards,
R.N. Khola
(M) [Phone Number Removed For Privacy Reasons]
From India, Delhi
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424Regards,
R.N. Khola
(M) [Phone Number Removed For Privacy Reasons]
From India, Delhi
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I wanted to know how earned leave encashment is calculated, in 26 days or 30 days. As far as my knowledge goes, it is calculated in 26 days. However, recently, I have joined a new company where they were calculating it in 30 days. I objected to this, but they told me to show where it is written. I went through the Factory Act but did not find any concrete details. I consulted some HR people, and they mentioned that if the company has specific written leave rules, then payment can be based on 30 days as well.
Please suggest to me what is right! Is there any supportive document where I can prove it right? Contact me at [Email Removed For Privacy Reasons].
Regards,
Ganesh
From India, Jamshedpur
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Please suggest to me what is right! Is there any supportive document where I can prove it right? Contact me at [Email Removed For Privacy Reasons].
Regards,
Ganesh
From India, Jamshedpur
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc