Hi, Earned leave is always calculated on basic salary. And it should not be more than 30 for a year. If it is more than that it can be carried forward. Regards
From India, Ghaziabad
14From India, Ghaziabad
Dear Pooja,
From where you have come to the conclusion that earned leave is always calculated on basic salary?
R.N.Khola
[SIZE=1][B][COLOR=#3366ff][FONT=Verdana]
* Al so Sr.Vice President, Labour Law Advisers Association, Gurgaon.
From India, Delhi
From where you have come to the conclusion that earned leave is always calculated on basic salary?
R.N.Khola
[SIZE=1][B][COLOR=#3366ff][FONT=Verdana]
* Al so Sr.Vice President, Labour Law Advisers Association, Gurgaon.
From India, Delhi
Hi All,
To calculate leave encashment we can use the following method by which we can evaluate the leave encashment amount: Basic/26*No. Days (EL).
Some company using the formula to evaluate leave encashment : Gross/30*No. of Days (EL).
In my opinion you have to use the first formula i.e. Basic/26*No. Days (EL).
Thanks & Regards
Sunil Sharma
V3S Group
Email:
From India, New Delhi
To calculate leave encashment we can use the following method by which we can evaluate the leave encashment amount: Basic/26*No. Days (EL).
Some company using the formula to evaluate leave encashment : Gross/30*No. of Days (EL).
In my opinion you have to use the first formula i.e. Basic/26*No. Days (EL).
Thanks & Regards
Sunil Sharma
V3S Group
Email:
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x