Can Flexi leave be encashed?
Can Flexi leave be encashed?
This kind of leave is also known as Vacation Leave (VL) or Privilege Leave (PL) or Flexi Holiday, or Annual Leave (AL). Earned Leaves can also be converted to cash through a process called Leave Encashment. The basic salary is usually considered as the unit of exchange to encash leaves.
Can I cancel flexi leave in TCS?
In the Apply/Cancel Leave page, you can apply for leave, withdraw leave before approval and cancel an approved leave. To apply a leave on behalf of an employee: On the HR menu, under Leave, click Apply/Cancel leave.
How many Flexi holidays are there in TCS?
PL :16 , CL :7 SL : 16 apart from this 2 flexy leaves are there.
Do we get paid for casual leave?
Casual leaves are paid for by the employer. Some other casual leave rules include: In general, casual leaves can be availed for a minimum of half a day to a maximum of three days. If the employer is registered under the Shops and Establishment act, then the employee is qualified to get casual leave of six days.
What is meant by flexi leave in TCS?
A Flexi Holiday is a holiday which you can choose to avail yourself. Usually, you will be allowed to avail yourself a fixed number of flexi-holidays from a pre-defined list of flexi-holidays set by your Admin. Examples include regional holidays like Onam or religious holidays like Parsi New Year, Christmas, or Id.
How many leaves are there in private company?
Earned & Casual Leave in India
| Type of Leave | Privileged Leave/ Earned Leave | Casual Leave |
|---|---|---|
| Quantum per year | 30 after 12 months continuous employment | 14 days |
| Entitlement | 5 days after 3months employment on completion of of 60 days working in that period | During the year |
| Accumulation | 90 days in 3 years | Not allowed |
What is meant by Flexi holiday in TCS?
What is a flexi leave?