Dear All,
Hi..
I have recently joined organization which service industry, where there is practice of enchasing the Compensatory leave.
i have some doubts about it , please help me in resolving them.
a) can we encash the compensatory off (legally) because as per the law we can only encash PL at time of Retirement or at time of exit @ of basic drawn at that time.if yes please tell under which act it is applicable.
b)if i need to pay the compensatory off then under which salary head we have to refer so that there will not be legal obligation on companies end in future.
c)do we need to pay compensatory off on the basis of basic or on the gross salary drawn by an employee.
d)is there is any clause through which i can refer to & state to an employee that we can not encash the compensatory off.
Looking forward for the above mentioned queries.
Regards
Arpit khare
Hi..
I have recently joined organization which service industry, where there is practice of enchasing the Compensatory leave.
i have some doubts about it , please help me in resolving them.
a) can we encash the compensatory off (legally) because as per the law we can only encash PL at time of Retirement or at time of exit @ of basic drawn at that time.if yes please tell under which act it is applicable.
b)if i need to pay the compensatory off then under which salary head we have to refer so that there will not be legal obligation on companies end in future.
c)do we need to pay compensatory off on the basis of basic or on the gross salary drawn by an employee.
d)is there is any clause through which i can refer to & state to an employee that we can not encash the compensatory off.
Looking forward for the above mentioned queries.
Regards
Arpit khare