Respected Seniors,
In regard to Leave Encashment, we are clearing the amount every six months. We would like to know if it is covered under ESI deduction or not. If yes, then the encashment will be done on an annual basis, and we hope that ESI deduction will not be applicable.
Kindly request guidance on this, as any new policy or amendments will be effective from the month of April.
Thank you all in anticipation!
Regards.
From India, New Delhi
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1In regard to Leave Encashment, we are clearing the amount every six months. We would like to know if it is covered under ESI deduction or not. If yes, then the encashment will be done on an annual basis, and we hope that ESI deduction will not be applicable.
Kindly request guidance on this, as any new policy or amendments will be effective from the month of April.
Thank you all in anticipation!
Regards.
From India, New Delhi
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Any payment made to the employee quarterly/Half yearly/yearly mode is not covered under ESI.
From India, Thane
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From India, Thane
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg