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Ramesh Sharma
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Enlightened
Asked: 2021-07-08T16:43:27+05:30 In:

What is encashment of Leave?

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What is encashment of Leave?
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    1. Enlightened Chartered Accountant

      Companies allow their employees different types of leaves like Casual Levees, Earned Leaves, Medical Leave, Gazetted Holidays, etc. Generally, the employee is allowed to either avail of these leaves or carryforward to next year. Sometimes, the employee is also allowed to encash these unutilized leavRead more

      Companies allow their employees different types of leaves like Casual Levees, Earned Leaves, Medical Leave, Gazetted Holidays, etc. Generally, the employee is allowed to either avail of these leaves or carryforward to next year. Sometimes, the employee is also allowed to encash these unutilized leaves and can earn a salary against them.

      If the employee is given some monetary benefit against his carry forwarded leave then it is called encashment of the leave.

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