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Microlesson · 5-min read

AS 15 – Short-term Employee Benefits: Leave Compensation

## Leave Compensation – Accumulating vs Non-accumulating

### Classification Tree

```

Paid Leaves

├── Accumulating (can be carried forward / clf)

│ ├── Vesting → employee CAN encash unused leaves

│ └── Non-vesting → employee CANNOT encash; leaves clf to next year

└── Non-accumulating → unused leaves lapse; NO accounting entry required

```

### Accounting Rule for Accumulating Leaves

Recognize expense when the employee renders service and earns the leave – not when it is availed or encashed.

```

Dr Leave Compensation Expense ×××

Cr Provision for Leave Comp ×××

```

When leave is availed or encashed:

```

Dr Provision for Leave Comp ×××

Cr Cash / Bank (or Salary) ×××

```

### Key Estimation Requirement

When computing the provision, factor in how many leaves the employee is actually expected to utilize in the future. Do not mechanically provide for the full balance.

> If 30 days are earned but only 20 days are expected to be used → provide for 20 days only.

### Non-vesting vs Vesting – Economic Difference

EventNon-vestingVesting
Employee avails all accumulated leavesGets salary for those days (normal)Gets salary for those days (normal)
Employee does NOT avail and carries forwardProvision clf; cannot encashProvision clf; CAN encash later
Total cost to employer (leaves not availed)Only regular salarySalary + encashment payment

> Under non-vesting: if the employee avails all leaves, the leave compensation provision is absorbed into salary cost. Under vesting: if the employee encashes, both salary and the encashment liability are paid.

Worked example

### Example 1

Non-vesting Example:

Employee annual salary = ₹6 crore (₹50L/month). Each year: 40 leaves earned, 10 availed, 30 days clf. Cannot encash.

X1-X2 entries:

```

Dr Salary Expense 6,00,00,000

Cr Bank 6,00,00,000

Dr Leave Comp Expense 50,00,000 (30 days × daily rate)

Cr Prov for Leave Comp 50,00,000

```

X2-X3 (employee avails all 70 days = 30 PY clf + 40 CY earned):

```

Dr Salary Expense 6,00,00,000 (CY salary)

Dr Prov for Leave Comp 50,00,000 (PY provision utilized)

Cr Bank 6,50,00,000

```

Note: Only ₹6 crore is CY salary + ₹50L provision absorption = ₹6.5 crore total.

### Example 2

Vesting Example (same figures):

X1-X2 entries are identical to non-vesting.

X2-X3 (employee does NOT avail extra 30 days; instead encashes them):

```

Dr Salary Expense 6,00,00,000 (CY salary)

Dr Prov for Leave Comp 50,00,000 (PY provision encashed)

Cr Bank 6,50,00,000

```

Total payment = ₹6 crore CY salary + ₹50L encashment = ₹6.5 crore.

### Example 3

Estimation of future utilization:

Ak has 30 days leave balance. Salary = ₹1,000/day. Company expects only 20 days will be utilized.

```

Dr Leave Comp Expense 20,000 (20 days × ₹1,000)

Cr Prov for Leave Comp 20,000

```

Provide for 20 days, not 30 days.

⚠️ Common exam mistakes

  • Recognizing leave compensation expense when leave is taken (should be when service is rendered / leave is earned)
  • Providing for 100% of the leave balance without considering how many leaves the employee is realistically expected to use
  • Recording an expense for non-accumulating leaves that lapse – no entry is required
  • Treating non-vesting accumulating leaves (clf allowed, encash not allowed) the same as non-accumulating leaves (lapse)
Bare-Act text Para 14 – Short-term Compensated Absences · AS 15 (Revised 2005) – ICAI · click to expand
An enterprise should measure the expected cost of accumulating compensated absences as the additional amount that the enterprise expects to pay as a result of the unused entitlement that has accumulated at the balance sheet date.
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