Hr , Personnel & Admin
Hr Executive
+1 Other

Dear Sir I am confused about the payement of EL/PL leaves at the time of full and final. I want to know should we calculate the EL of the employee earned to be paid in next year in full and final settlement. For example in Oct 2012, an employee have 20 EL in his account (these 13 EL has been credited in Jan 2012 in lieu of work performed last year i.e, 2011)Now in full and final settlement we should for for 13 EL only or we should calculate the day worked during 2012 by him also and than add the earned EL in 13 and pay to him. I hope you understood my problem. i will appreciate if answered with some evidence and reference with law/section.
28th December 2012 From India
The EL's have to be calculated upto the day(month) of his leaving and encash the same
mentioning it in F& F settlement.
Suppose an employee leaves the job on 1st.June the leaves for 5 months has to be
calculated and put in his F & F settlement .
Hope i am on the right track.
Rejeev Dixit

31st December 2012 From India, Bangalore
Mr Rajeevs explanation is correct and the employee has to be encashed leave for the days he earns leave for the current year upto the day of his leaving service
31st December 2012 From India, Chennai
Dear Sirs, I have a question. Is this EL encashment calculated based on gross salary or basic+DA portion of salary?
7th January 2013 From India, Tirupur
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™