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 implications tied to these obligations. When companies fail to assess key actuarial assumptions correctly, they
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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
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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
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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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