18
Nov
2024
Consideration of Key Assumptions in Actuarial Valuation of Gratuity, End of Service Benefit, and Leave Encashment
Actuarial valuations play a crucial role in managing employee benefits like gratuity, end of service benefit, and leave encashment. Organizations need to understand the financial…
17
Oct
2024
Is Leave Encashment Liability Taxable?
Leave encashment is an important financial consideration for employees and employers. It allows employees to receive compensation for unused leaves. However, the tax implications of leave encashment can sometimes be confusing. Is leave encashment taxable? And if so, under what …
17
Jun
2024
Why Should Businesses Consider Leave Encashment Policies?
Leave encashment policies are a critical component of employee benefits. They allow employees to convert their unused leave into cash. This offers a financial reward for not taking time off. Leave encashment is an important employee benefit. It allows employees …
29
May
2024
How Does Leave Encashment Work? Answers to Your Burning Questions on Leave Encashment
You must have noticed that when you join a company, there is a leave policy that you get to know about. One such component of the leave policy is the concept of “leave encashment”. The central concept of leave encashment …
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