Another
benefit along with retirement benefit provided by the employers to their
employees is leave encashment which is a lump sum amount paid to the employees
or their dependants. The amount paid depends upon the leave to the credit of
the employee and his/her salary at the time of exit. The liability attached
here is increasing in nature and is linked with the salary and leave position.
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Email for New LIC: support@licindiaagent.com |
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