Hello Respected Members,
My current Salary Slip shows Balance PL = 20, Previous FY PL = 20, Total PL = 40.
Now if I exit the organisation what will be treatment of the Paid Leaves of 40 Days ? Does an organisation needs to pay for the same in full or part ? Is there any law on the treatment of the same ?
Please enlighten us on the same.
The cash value of the number of days of PL/EL at the credit of the employee on the date of termination of employment should be paid as per the provision of the establishment-specific labor law applicable. It should be based on the gross wages/salary.