Understanding Leave Entitlements in India: How Do You Calculate Leave Encashments for Taxes?

caaashishca
Please help me in deciding what the status of leave entitlement is in various Labour Laws prevailing in India. How should we calculate the leave encashments for income tax purposes? Please help me! Thank you.
jyotsna07
Could you please help me in deciding what is the status of Casual Leave, Sick Leave, and Privilege Leave entitlement for employees in the corporate office?

Thank you for your assistance.
trrajeesh
Here are the corrected details of the eligible leave available under the Kerala Shops and Commercial Estt. Act:

LEAVE:
Employees are eligible for leave as follows:

i. Annual leave for 12 days with wages for employees after completion of 12 months of continuous service.

ii. Leave with wages not exceeding twelve days on the grounds of any sickness or accident sustained by the employee.

iii. Casual leave with wages not exceeding twelve days.

iv. Six days of special casual leave for sterilization operation in the case of male employees and 14 days for female employees, subject to the provisions of the Act.

T.R. Rajeesh (Asst. Labour Officer)
Kerala
R.N.Khola
Dear Jyotsana,

If your area, where your corporate office is located, is covered under the Bombay Shops & Establishment Act, then you are required to grant these leaves under this particular Act.

[R.N.Khola]
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute