leave encashment
Manoj Kumar
(Querist) 01 March 2009
This query is : Resolved
sir
i want to know that leave encashment paid on basic salary or gross salary
madan lal pandia
(Expert) 02 March 2009
LEAVE ENCASHMENT IS PAYABLE ON BASIC SALARY WITH NO PF DEDUCTION
M.L.PANDIA
H. S. Thukral
(Expert) 02 March 2009
There is no law on leave encashment An organisation can have its own rules regarding leave encashment. However at the time of superannuation an employee is entitiled toget payment for unavailed leave equivalent to wages for the period of leave had he worked during that period.
PALNITKAR V.V.
(Expert) 02 March 2009
Yes, in private sector there is no fixed law on the subject.
Kamlesh soni
(Expert) 02 March 2009
Mr.Palnitkar is right, in private sector there is no fixed law on the subject
B.B.R.Goud.
(Expert) 07 March 2009
i do agree with my friends