Hello Respected Members,
My current Salary Slip shows Balance PL = 20, Previous FY PL = 20, Total PL = 40. Now, if I exit the organization, what will be the treatment of the Paid Leaves of 40 Days? Does an organization need to pay for the same in full or part? Is there any law on the treatment of the same? Please enlighten us on the same.
From India, Guwahati
Acknowledge(0)
Amend(0)
2My current Salary Slip shows Balance PL = 20, Previous FY PL = 20, Total PL = 40. Now, if I exit the organization, what will be the treatment of the Paid Leaves of 40 Days? Does an organization need to pay for the same in full or part? Is there any law on the treatment of the same? Please enlighten us on the same.
From India, Guwahati
Acknowledge(0)Amend(0)
Dear Asha,
The cash value of the number of days of PL/EL at the credit of the employee on the date of termination of employment should be paid as per the provisions of the establishment-specific labor law applicable. It should be based on the gross wages/salary.
From India, Salem
Acknowledge(0)Amend(0)
The cash value of the number of days of PL/EL at the credit of the employee on the date of termination of employment should be paid as per the provisions of the establishment-specific labor law applicable. It should be based on the gross wages/salary.
From India, Salem
Acknowledge(0)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.
Full n final settlement.doc
Bangladesh Labor Law Gazette (Final-2006).pd f