Leave encashment
This query is : Resolved
Manoj Adhikari
(Querist)
23 September 2011
Dear all,
What is the criteria for applicability of leave encashment in a private limited company??when does it apply??
What is the criteria for applicability of leave encashment in a private limited company??when does it apply??
O.D.SHARMA
(Expert)
24 September 2011
This is company's internal policy .It is base on basic salary for leave encashment.
24 September 2011
The expert has rightly pointed out that it is the internal policy of the company how much leave is allowed and if no leave is availed it is available for encashment.
If leave is encashed during the service period it is taxable as salary and after retirement it is exempted.
If leave is encashed during the service period it is taxable as salary and after retirement it is exempted.
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