Plz advise which of the leave is encashed at the time of employee separation. i know PL is encashed but is there any limit? whether SL is encashed? Regards, Neha.
From India, Pune
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From India, Pune
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Normally, only PL/EL is being encashed when an employee leaves. The limitation of days for PL/EL encashment and encashment of SL depends on the policy of the organization, which varies from organization to organization.
Regards,
Sivadasan
From India, Udaipur
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7Regards,
Sivadasan
From India, Udaipur
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Only previlage leave can be encashed as per factory act 30 EL can be accumulated so the limit will 30.
From United States, Chicago
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From United States, Chicago
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Hi Priya,
The casual leave shall not be combined with earned leave (EL or PL). The unavailed earned leave can be carried forward to the next year, up to a maximum of two years (24 days). An employee is eligible for 12 days of earned leave in a year. Earned leave can be availed only upon completion of one year of service by the employee in the organization. The earned leave taken in the first year of service will be treated as loss of pay and will be deducted from the payroll.
Earned leave should be planned at the beginning of the calendar year and cannot be taken more than 3 times in a year. At the time of separation, unavailed earned leave can be encashed as part of the final settlement. This may differ from one organization to another.
Warmest Regards,
Mohan.M.S
From India, Madras
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The casual leave shall not be combined with earned leave (EL or PL). The unavailed earned leave can be carried forward to the next year, up to a maximum of two years (24 days). An employee is eligible for 12 days of earned leave in a year. Earned leave can be availed only upon completion of one year of service by the employee in the organization. The earned leave taken in the first year of service will be treated as loss of pay and will be deducted from the payroll.
Earned leave should be planned at the beginning of the calendar year and cannot be taken more than 3 times in a year. At the time of separation, unavailed earned leave can be encashed as part of the final settlement. This may differ from one organization to another.
Warmest Regards,
Mohan.M.S
From India, Madras
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Hi Neha,
PL/Earned Leave is encashable at the time of separation. Generally, up to 30 leaves per annum can be accumulated, with the maximum encashment leave quota varying from organization to organization. However, the upper limit is typically 300 leaves. Additionally, SL is encashable at the time of separation. CL can only be clubbed with unavailed SL.
From India, Mumbai
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PL/Earned Leave is encashable at the time of separation. Generally, up to 30 leaves per annum can be accumulated, with the maximum encashment leave quota varying from organization to organization. However, the upper limit is typically 300 leaves. Additionally, SL is encashable at the time of separation. CL can only be clubbed with unavailed SL.
From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg