Understanding Employee Benefits Acts: How Can They Help You?

Employee Benefits Acts

Here is an attached file of Employee Benefits Acts. Hope it will help you.

Thanks,

Priyanka

Hi Priyanka, thank you for sharing all the PPTs, which will help me in my presentation too. Keep posting! 

Hi Priyanka, thank you for sharing all the PPTs, which will help me in my presentation too. They're so useful.

Thanks,
MontyKarr

Leave Policy in Private Limited Companies

Is there any law on leave for employees in a private limited company? Or does the company have the right to set any "Leave Policy"?

Regards

Oh, thanks, Sandeep. I have got my answer. By the way, our company is manufacturing-based. What would be the right combination of leave categories? Also, I assume leave can be accumulated for a number of years to be encashed either during exit or retirement, right?

Leave Encashment Policies: A Balanced Approach

Apologies for posting a new topic under an irrelevant discussion, as I am not able to figure out how to post a new topic discussion. I have a query on leave encashment policies followed by various organizations. In my company, the management does not prefer leave encashment. In short, balance leaves are lapsed, which is demotivating to employees. The management says there is some tax or the company is paying a tax amount in case they provide a leave encashment benefit. Please suggest if there is anything like this, or if the company doesn't want to provide this benefit to its employees.

If there are compliances, please suggest a way where management and employees are both happy!

Thanks in advance!

Regards,
Kavitha

A Practical Suggestion for Leave Encashment

Many organizations smartly avoid the payment of leave encashment. To please both management and employees, it is suggested that leave encashment can be made based on the salary on which PF is worked out. The normal practice is either on Basic or Basic + DA. I have suggested a middle ground.

Regards,
R. Sitaram