Hi,
I request the forum for an answer in case of leave encashment
1. Are organisations/ companies mandatorily to have a leave policy which provides for Leave encashment?
2. Should the unutilised SL be converted in to EL at the end of the year?
3. What does the law state on unutilised EL encashment while leaving the services of the company? Is it mandatory for unutilised EL encashment? Can EL be adjusted for the notice period? In case of EL encashment, should it be Basic + DA? If company has no DA and calls it by other name (Special Allowance/ City compensatory allowance etc), how does it affect?
Request the forum members to clarify the above.
Thanks in advance
KS
