If the organization is following the annual practice of encashing 10 EL and lapsing 5 EL, is it correct? Or should encashment only be done when the maximum accumulation limit of 45 EL is reached (as per the UP Shop & Establishment Act)?
From India , Gurgaon
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From India , Gurgaon
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Earned Leaves and Company Policy
Earned leaves are generally as per the company policy. Some companies consider them lapsed after reaching the maximum eligibility as described in the policy, while others may encash them as taxable over and above the maximum eligibility.
From India, Gurgaon
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Earned leaves are generally as per the company policy. Some companies consider them lapsed after reaching the maximum eligibility as described in the policy, while others may encash them as taxable over and above the maximum eligibility.
From India, Gurgaon
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