PL / EL... What Is The Maximum Accumulation Limit

Dear All,
Hope all of you are doing fine.
Can anyone please suggest me what is the maximum number of EL / PL an employee can accumulate in his / her account? i.e. upto what limit one can carry forward these leaves.
If one accumulates that particular no. maximum leaves then when are they entitled for reimbursements for the accumulated leaves.
regards
Seema Gupta

Hi Seema,
As per Factory Act 1948 any member can accumulate maximum 30 PL. But I have seen that in many companies and manufacturing units many employees have more than 100 leaves. Any employee can encashment of PL at the time of resignation or superannuation.
Thanks

Hi Seema,
Very well defined by Raj..
Actually it depends on company policy.. which differs from one to another..
Some company carry forward only a limited number of leaves.. and rest balanced leaves if any get lapsed...
Even the encshment mode also differs.. some encash at the end of every year and some do the same at the time of separation from the company..
Even some company pay it @basic salary only whereas some @gross salary.
Regards.
Amit Seth.

Dear Seema,
In our organization the maximum number of ELs an employee can accumulate is 60. If they exceed 60, they can encash upto 8 ELs and remaining will get lapsed. For ex: if an employee has 72 ELs, 60 will carry forward 8 he/she can encash and remaining 4 will get lapsed. They can claim for encashment before the financial year end. And amount will be reimbursed along with the next month's salary.
Regards,
Subhash

Does it apply to the companies who are registered under shop and est. act??
regards
Seema Gupta

Hello,
This is my first post on this community. I want another query in this that can a company change his rules regarding EL accumulation limit and encashment limit any time. For example some employees accumulated his leave upto max limit during a period of employment of 10-15 year and suddenly company change his rules to reduce the accmulation limit and laps or freeze the leave more then the new limit.

Hello friends,
I am a little confused after hearing that the accumulation is decided by the company.
I spoke to my consultant regarding maximum accumulation of leaves.
He said that the maximum leave with wages a labor can accumulate is 30days and the balance has to be paid by the employer at the start of the subsequent year.
I have a few questions:
1. Is it necessary to give the payment for the excess leaves? can the company set the ratio by itself?
2. what does the law state? is there any mention of the maximum number of of accumulated?
Await your reply.
Thanks & Regards,
Anant Karnani

govt is a model employer ie careful study of their rules gives a holistic view.
next pick on compensation trends surveys eg by Mercer
then frame a policy for your cos

Hi seema Gupta i can give you a answer about EL/PL accumulattion.The EL/PL shall accumulated up to maximum 60 days.
EL/PL shall eligible only after completion one year.
Employees shall eligible for encashment of 8 days EL/PL every year

dear all,
tell me about as per law what is the maximum accumalation limit of leave
Rgds
Sachin