Recently, I have left my job. In my previous job, I had encashed 165 days of earned leave. In my recent job, I had around 180 days of earned leave. I was in my job for 8 years. When the time came for settlement, the management told me that I am eligible for 100 days of encashment. Now, they are saying that according to new rules, I will only be receiving 50 days of encashment. Is this true? Please let me know. Thanks.
From India, Bangalore
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From India, Bangalore
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Most probably, it depends on the company. They design their own HR policies. For example, in our company, we are allowed to pay for a maximum of 45 days for leave encashment. However, in my previous company, I never received paid leave encashment. It's better for you to utilize those leaves.
Regards,
Vinay Kumar
From India, Hyderabad
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17Regards,
Vinay Kumar
From India, Hyderabad
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PF Case Law - Leave Encashment.doc
PF Contribution on Leave Encashment - Clarification by EPFO.pdf