Revise Lfc Encashment Fair Rules For Employees
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Revise LFC Encashment Fair Rules For Employees, Income Tax in Banking, HowTo, KnowledgeBase 0 12,320 Views Leave Fare Concession LFC is the additional benefit provided to employees of any sector i.e. Government,PSU, Bank or Private sectors. Revise LFC Encashment Fair Rules For Employees, Income Tax. Leave Fare Concession LFC is the additional benefit provided to employees of any sector i.e. Government,PSU, Bank or Private sectors. LFC is the benefit given to permanent employees of the Bank. LFC is being provided to the employees.

Read: Revise LFC Encashment Fair Rules For Employees, Income Tax. For Example: In banking Sector LFC/LTC rules are: a For availment of leave fare concession under a 2 year block for visit to any place within India, the maximum permissible distance shall be 2500 km. for subordinate staff and 2000 km. for non-subordinate staff. Revise LFC Encashment Fair Rules For Employees, Income Tax Banking, HowTo, KnowledgeBase Leave a comment 12,320 Views Leave Fare Concession LFC is the additional benefit provided to.

Leave Fare Concession 4.1.2 Permanent part-time employees drawing scale wages are eligible for LFC and leave encashment on pro-rata basis. 4.1.3 An employee can take any kind of leave for LFC. Application for LFC should be sent sufficiently early, say, at least one month in advance. For example – If leave encashment is Rs 3 Lakh received by a pvt employee on resignation and the exemption is say Rs 1 Lakh as per above calculation then Rs 2 Lakh is taxable as per your income tax slab rate and Rs 1 Lakh is exempted. You can find Details of your Leave Encashment in Final settlement document / Salary Certificate / Form 16. encashment of leave under these rules. 4.0 ENCASHMENT BENEFITS: 4.1 The encashment of leave shall be regulated on the basis of the last pay drawn which includes basic pay, dearness allowance, personal pay, if any, non-practicing allowance for doctors, deputation allowance in. ALL INDIA BANK EMPLOYEES' ASSOCIATION Central Office: “PRABHAT NIVAS” Regn. No.2037 Singapore Plaza,. No leave is required to be taken for the purpose of encashment on LFC. 1.6.2015 to male employees with less than two surviving children for 15 days during his. Anonymous said. Sir I am going to complete one year probation as a PO on 1st Nov 2014 in Andhra bank. please tell me the procedure so i can get maximum benefit by LFC encashment as I need the money due to some financial problems. please sugess me when and max how much i can get by LFC encashment.

Most of the companies do offer higher quantum to retain employees and form additional rules to take care of their individual reuirement which should not contravene provision of local laws. Encashment is generally done on BasicDA. Many a companies do follow this practice but are found to be falling short of legal requirement. Revise LFC Encashment Fair Rules For Employees, Income Tax. Leave Fare Concession LFC is the additional benefit provided to employees of any sector i.e. Gover.

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