Dear All, Do you consider Basic salary or gross salary for leave encashment ? regards Vibhor
From India, Chandigarh
4From India, Chandigarh
Hi Mr. Vibhor Gupta,
The leave encashement will be calculated based on last drawn basic salary but, few organizations are giving on last drawn gross salary.
you can consider the basic salary to reduce the cost to the company.
Thanks & Regards,
Sujatha
From India, Bangalore
The leave encashement will be calculated based on last drawn basic salary but, few organizations are giving on last drawn gross salary.
you can consider the basic salary to reduce the cost to the company.
Thanks & Regards,
Sujatha
From India, Bangalore
Dear Vibhor,
In our opinion gross salary is to be taken into account for caculating the Earned Leave encashment as if an employee takes leave then he is paid full salary & not the Basic etc.
Regards,
R.N.Khola
From India, Delhi
In our opinion gross salary is to be taken into account for caculating the Earned Leave encashment as if an employee takes leave then he is paid full salary & not the Basic etc.
Regards,
R.N.Khola
From India, Delhi
Encashment practice would differ from company to company...Incase a company does leave encashment @ of Basic salary then any notice recovery is also made at the rate of Basic salary...Both Notice recovery & leave encashment rate should be same (either basic or Gross)
yes,i too agree with prashant.logically we should what prashant has said but legally we can pay on basic or gross as per our company policy. tks js malik
From India, Delhi
From India, Delhi
Dear Vibhor,
u have seen different people different perception.
wat the law says = Basic+DA*no. of leave/26
but law is silent on leave encashment. u can go by either ways. But still recommend u to go for basic salary. it will reduce Cost of company.
also it is varies from comp to comp.
Regards
Vipin:icon1:
From India, New Delhi
u have seen different people different perception.
wat the law says = Basic+DA*no. of leave/26
but law is silent on leave encashment. u can go by either ways. But still recommend u to go for basic salary. it will reduce Cost of company.
also it is varies from comp to comp.
Regards
Vipin:icon1:
From India, New Delhi
Dear Senior, How many Pl should be en cashed maximum, is any EL/CL should en cashed? Regards Bisu
From India, Calcutta
From India, Calcutta
Dear,
again u to see wat ur comp policy. u can do like max to max 40 PL can accumulated.
or just do whenver a employee complete 240 days in a year he/she is eligible for 21 dys leave.. it is also in law. he can encash.
but it is an internal matter of the org.
Regards
Vipin:icon1:
From India, New Delhi
again u to see wat ur comp policy. u can do like max to max 40 PL can accumulated.
or just do whenver a employee complete 240 days in a year he/she is eligible for 21 dys leave.. it is also in law. he can encash.
but it is an internal matter of the org.
Regards
Vipin:icon1:
From India, New Delhi
dear Seniors, I am Sudheer.V our company Leave policy is telling: no leave is to be availed during the period of probation. please clarify if any abjections.:huh:
From India, Hyderabad
From India, Hyderabad
Dear All,
Kindly clarify me the following :
Our company is about to start its commercial operations. So far not yet prepared Standing Orders of the company. Actually, our company's Payroll shows 80 employees (together i.e. Head Office and Factory). But in this payroll we have mentioned Drivers and Pantryboys names who are in temporary roll. Then, how to prepare standing orders. While preparing the standing oders, classification of the employees/workmen is to be included or not Please clarify me
Regards,
Murali
From India, Hyderabad
Kindly clarify me the following :
Our company is about to start its commercial operations. So far not yet prepared Standing Orders of the company. Actually, our company's Payroll shows 80 employees (together i.e. Head Office and Factory). But in this payroll we have mentioned Drivers and Pantryboys names who are in temporary roll. Then, how to prepare standing orders. While preparing the standing oders, classification of the employees/workmen is to be included or not Please clarify me
Regards,
Murali
From India, Hyderabad
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg