Can I change the encashment and carry forward policy for the next calendar year?

Yes, changes to the encashment and carry forward policies for the upcoming calendar year can be made. However, it's important to complete the current year's end processing before implementing these changes. This ensures that the alterations will only affect the next year's calculations and not disrupt the current year's leave and encashment records. Once the current year's processing is finalized, you can update the policies as needed for the forthcoming year.