Annual leave encasement is eligible or nor ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 January 2013
if employee resign between a calendar year it is eligible for annual leave encashment or nor ? If yes , how to calculate its annual leave encashment.
11 January 2013
Hi
He has to be paid with leave balance on his account at the time he resigns.
It is paid on gross or basic as per company policy, however generally it is paid as no. of leave balance multiplied by 10 months avg basic salary divide by 30 days.
Thanks!!
He has to be paid with leave balance on his account at the time he resigns.
It is paid on gross or basic as per company policy, however generally it is paid as no. of leave balance multiplied by 10 months avg basic salary divide by 30 days.
Thanks!!
11 January 2013
Hi
Refer article for details.
https://www.simpletaxindia.net/2009/01/leave-salary-encashment-exemption.html
Thanks!!
Refer article for details.
https://www.simpletaxindia.net/2009/01/leave-salary-encashment-exemption.html
Thanks!!
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