How To Calculate Paid Leave - Hr Field
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How To Calculate Paid Leave - Hr Field

Lotusmoon Started The Discussion:

Hi, I would like to know how to calculate paid leave for an employee who is worked with us for 3 yeards Thanks Nazeeba

shyamsunder79 - Member Since: Oct 2009
HI.. First u calculate their paid leave and after then paid on the basis of Basic +HRA. Thanks Shyam Sunder

apeksha_HR - Member Since: Jul 2010
Hi Nazeeba,

You must have maintained leave records of that particular employee for all years. So the current balance remaining of Paid leaves compared to maximum paid leaves that can be encashed as per your leave policy whichever is lesser is the amount to be encashed.

Encash procedure depends from company to company but generally companies encash leaves on Basic amount.

So, per month basic amount furthur divided to per day basic amount and multiplied by number of paid days to be encashed. That is your Paid leaves encashment Amount.

Regards,

Apeksha.

sumitk.saxena - Member Since: Nov 2007
dear sachin, the formula is last drawn salary (basic+da)/26 * no. of el balance. thanks & regards, from, sumit kumar saxena, 91-9899669071, 0120-4131277

ritachichole - Member Since: Jan 2009
Hello, If a employee does not take a single leave then how many leaves can be paid, all 21 or lesser and if lesser then how many.

abhinavchandra82 - Member Since: Jun 2009
Dear Sachin ,

Find below the PL Calculation Matrix ::::

(A) Calculation of Total Number of PLs / ELs for each year

Total Number of Days worked in a year / 365 *Number of PLs (As per HR Policy)

Eg : Total Number of Days worked in a year = 240
Number of PLs = 15

240/365 * 15 = 9.8 = 10 (Round off)

(B) Calculation of Amount for PL to be paid with Full n Final for each year

(A) / 30 * Basic Salary

Eg : Basic Salary = Rs.15000

10 / 30 *15000 = Rs.4999 = 5000 (Round Off)


I hope above is helpful for you.

Regards
Abhinav

ritachichole - Member Since: Jan 2009
PL calculation is very useful but the question all balance PL can be paid or is there any limit.

shrinivasnpatil - Member Since: Jul 2010
hello, Its very important criteria in HR field specially in CTC maintaining & full & final settlement....Thanks for this ... Regards Shrinivas patil HR & Admin Exe. Pune.

ashok_modi1978 - Member Since: Jun 2009
My Dear Friend,

I agree with Mr. Sumit Kumar Saxana.

The formula is last drawn salary (basic+da)/26 * no. of el balance.

I would like to add only one thing here that if at the end of year EL balance in a/c of that Employee was greater than 30, EL balance in excess of 30 had lapsed and you will pay him only for 30 EL in this year.

We can't carry forward more than 30 EL to next year. You should had paid him than only for EL excedding 30 ELs.

For example, suppose now in that employees a/c there are 40 old ELS balance. You can pay him only for 30 ELs.

Further, here I am doubtful about one thing that either we can't carry forward more than 30 ELs to next year or we can't have more than 30 Els (old+new EL) in any employees a/c at any time during the year.

I would request HR experts to clear my this doubt.

Regards
Modi Ashok Kumar

harshil2006 - Member Since: Feb 2010
please help me to solve your example give your contact no. then i contact you and need guidence through phone. my contact no. is +919898096367



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