Suppose Mr X retire on 01.06.18 and his leave was credited on 01.01.18 EL/SL/CL and balance on 31.05.18 10+0+0 as per WB Shop Establishment , How it will be shown /paid leave and leave encashment at the time of retirement ?
From India, Kolkata
1From India, Kolkata
In general the balance ELs as on his/ her last working day will be en-cashed & paid along with his full and final settlement amount. In most of the cases CL & SL are not en-cashed, in most of the organizations balance C.Offs are also en-cashed and paid. An amount equal to number of excess leaves availed is also going to be deducted from the eligible F&F amount and settled. If your organization is having any specific rules ( Leave policy / memorandum of settlement / Certified standing orders / HR Hand book) with respect to leave encashment then you need to work out accordingly and pay.
Thanks and regards
Kamesh
From India, Hyderabad
Thanks and regards
Kamesh
From India, Hyderabad
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x