What is the meaning of El leave?
What is the meaning of El leave?
As per the Factories Act, the leave entitlement of the employees is termed as earned leaves or EL, whereas, under the Shops and Establishments Act, the entitled leaves are termed as privilege leaves or PL. Under the Factories Act, a single earned leave is granted for every 20 working days, i.e. 18 leaves per year.
What is the meaning of earned leave?
Earned leaves/ Privilege leaves : These are the leaves which are earned in the previous year and enjoyed in the preceding years. These are also known as privilege leave this can be carry forward for the quatum upto the total of three years and vary from state to state as per the shop & establishment act.
How is earned leave calculated?
When you retire, the total amount of earned leave will be calculated by taking 30 days earned leave for every year of completed service multiplied by the total service period….
- Annual Leave and Holidays.
- Leave Policy.
- Earned leave encashed at retirement is exempt from tax up to a maximum of Rs 3 lakh.
Is privilege leave paid?
Privilege leave allows you to be paid while having time off from work for personal reasons like vacation used for rest, recreation, or travel or taking time out for family. An associate is entitled to privilege leave of 18 working days in a calendar year distributed on pro-rated basis.
What is El salary slip?
Earned Leave (EL) – Earned Leave is the leave earned by an employee after working in the company for a certain amount of time, usually a month. E.g. 2 days of earned leave for every 30 days of work in the company might be added to employee’s leave balance and the employee can later use it to take off from work.
What is El full form?
EL leave full form is an Earned Leave which is provided for intended long leaves for the purpose of vacation, travel etc. Earned Leave or Privilege Leave is calculated on a month upon month basis for the calendar year.
What is earned leave salary?
Earned leave means the leave accrued to the employee in proportion of the work done by him. This varies from employer to employer. For example in government sector, the earned leave is 2.5 days for every month worked. Encashment of leave by surrendering leave standing to one’s credit is known as leave salary.
How many days can casual leave be taken?
With effect from Ist January, 1998 the maximum amount of casual leave admissible to the staff serving in civil offices of the Government of India shall be 8 days in a calendar year subject to the condition that not more than 5 days casual leave may be allowed at any time.
What are the leave types?
Leave Types In India
- Types Of Leaves.
- Privilege Leave (PL) / Earned Leave (EL) / Annual Leave (AL)
- Casual Leave (CL)
- Sick Leave (SL)
- Maternity Leave (ML)
- Marriage Leave.
- Paternity Leave.
- Bereavement Leave.
What is leave salary?
For example in government sector, the earned leave is 2.5 days for every month worked. The employee can avail the accumulated leave during his service tenure or it can be encashed at the time of retirement or leaving the job. Encashment of leave by surrendering leave standing to one’s credit is known as leave salary.
How do you use privilege leave?
Privilege leaves can be calculated on a maximum of 18 days per year i.e. on a monthly basis employee will be credited with 1.5 earned leaves. To apply for earned leave employee must intimate the authority at least of 14 days in advance. PLs can be taken a minimum of 3 days to 18 days.
