Dear Mr.Umakanthan.M,
It is such a pleasure to read your posts. You explain rule position and correct way forward in detail.
Hats off to you.
Have learnt so much from esteemed members and in my organization they go by my word and I go by what I glean from members, in case of doubt.
Thanks to all members
From India, Delhi
86It is such a pleasure to read your posts. You explain rule position and correct way forward in detail.
Hats off to you.
Have learnt so much from esteemed members and in my organization they go by my word and I go by what I glean from members, in case of doubt.
Thanks to all members
From India, Delhi
Thank you, Colonel for your compliments. In fact, the credit should actually go to this wonderful forum citeHR which gives us an opportunity to periodically enhance our knowledge by our interaction. Apparently some questions may seem very threadbare or trivial; but such questions make us delve deep into the underlying logic behind the provisions of law involved therein and induce our lateral thinking and enable us to arrive at the appropriate answers thereof. Let us encourage such questioners with our answers notwithstanding the differences in them due to perceptual differences.
From India, Salem
From India, Salem
Yes it is a wonderful forum Yes , we should not grudge members asking basic questions or draft letters. Regards to all
From India, Delhi
From India, Delhi
The inputs shared by Umakanthan Sir and Saswat Sir on " leave encashment should be payable on gross salary" are brilliant. In fact, companies are adopting formulae / HR tactics to reduce statutory liabilities such as PF, GRATUITY, Bounus, etc. Often leaves applied are not sanctioned citing urgent works, etc and as a result employee is deprived of enjoying quality leave and sacrifices personal priorities and thus leave gets accumulated and crosses the maximum leave accumulation limit. Encashment on basic salary is definitely not justified. It should be payable equivalent to used leave salary only
From India, Mumbai
From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
PF Contribution on Leave Encashment - Clarification by EPFO.pdf
EPFO Circular Leave Encashment.jpg