As decided by the management, leave encashment is to be done once in June each year. This is the first year of the organization. The cut-off date is June. How can we calculate the balance leave for the employees whose year is completing in July and August.
From Pakistan, Karachi
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2From Pakistan, Karachi
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You need to count as on date balance for the process, remaining employees who did not able to go for encashment they can do the same at next year.
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Leave accumulates or accrues to an employee at the end of a year work employment
So if you are in the first year, there is no encashment
The employees can use this leave in the next year. If they don't use, in the following year in June you encase what is not used.
Whatever is not used as on the cut off date is paid
From India, Mumbai
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So if you are in the first year, there is no encashment
The employees can use this leave in the next year. If they don't use, in the following year in June you encase what is not used.
Whatever is not used as on the cut off date is paid
From India, Mumbai
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x