In my company,you can accumulate the PL till 50, after that its gets encashed at the end of financial yr.Bt there is a limitation for the encashment. the leaves above 42 gets encashed. And 42 leaves gets carry forward to next yr.
From India, Thana
indushriHi pushparj, Thanks for your reply. in my organisation maxmium accumulation of EL is 30 days for an year. but i wanted to know is there any rule by the govt that this much EL can be accumulated???
From India, Bangalore
R.N.KholaDear Indu, Under which of the Act you are interested in getting this detail of EL/PL. With Regards, R.N.Khola
From India, Delhi
KrineshHi, Total EL entitlement per year is 30. Out of 30 we need to use 50% and 50% will be carry forwarded to next year. So only 15 EL will be carry forwarded. Regards, Krinesh.
The PL/EL (Prevailage Leave and Earned Leave)is same,as per the act for every 20 days you work you will be provided with 1 day of earned leave, so in a year it is 18 days per year and it is en cash-able.The unused PL/EL can be carry forward to next year and the capping depends upon the company to company policy,this may be 30 days maximum,45 days maximum.
From India, Bangalore
Pl accumulation is depend on the notice period. If company given notice perod for one month then pl can be accumulated for one month because when the employee is leaving the organisation and he is not completeing notice period or company is releiving the employee immediatley whatsoever reason that time same will be adjusted.
This is totaly depend upon the policy of the company, some company is not accumulating PL for next year and balance will be encashed in the last month of year or financial year because employees are taking leave any time and the organisation is suffering their work.
From India, Mumbai
jpsingh79Dear Indu, Plz go with attachment. It will provide u better clarity to understand the leave policy. Thanks & rgds J.Prakash 9319861800
From India, Dehra Dun
Anjali Simonplease send leave policy document of your company if possible just for an idea as i need to prepare it for my company. Regards
From India, Chandigarh
hrthejascan any body tell me when emloyee get leave benifit, immediate after joining or after confirmation... can trainee get leave benifit, Regards HR Thejas
From India, Hyderabad
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