Dear, Here is an attached file of Employee Benefits Acts. Hope it will help you. Thanks, Priyanka
From India, Bhubaneswar
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6From India, Bhubaneswar
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Hi priyanka, thnx for sharing all ppt’s, which wud help me in my presentation too... keep posting :)
From India, Mumbai
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From India, Mumbai
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Hi priyanka, thnx for sharing all ppt’s, which wud help me in my presentation too... it’s so useful thanxs montykarr
From India, Delhi
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From India, Delhi
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Is there any law on LEAVE for employees in private limited company? Or the company ha s the right to set any "Leave Policy".
From United States
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From United States
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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?
From India, Surat
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From India, Surat
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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
From India, Mumbai
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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
From India, Mumbai
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Employee Benefits.doc