A worker is having 17 EL and He want to Encash all his (17) EL can we encash it as per law
From India, Pune
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From India, Pune
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You have to go by your leave policy. It may be reasonable if encashment is permitted limited up to 50% of EL/PL leave at credit while in service, once in a year which is subject to Income Tax as applicable to 'salary income'. There is no legal sanction, maybe except for full and final settlement on approved 'separation'.
From India, Bangalore
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1159From India, Bangalore
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
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