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Search for "Leave Encashment Calculate Paid Basic"


Is the leave encashment calculated on last earned basic or it is calculated on the basic for the period during which the leave was earned?
Hi please tell me how do we calculate leave encashment. for eg: monthly gross salary is rs.10000/ out of which basic5000 hra2500 medical1250 conv800 misc allw450 then how much would be leave encashment of 5 days?? is the leave encashment calculated on last earned basic or it is calculated on the basic for the period during which the leave was earned?
Leave encashment
Hi leave encashment in my company is done for example the arrears paid leave encashment of 5.5 days . details are: as per the formula: 50 of your gross or 3 times of your basic which ever is less. 1. 50 of your gross is rs.22200/ 2. 3 times of basic rs.5000 x 3 15000/ 3. so 15000/31 x 5.5 days 2661/ is this right?? we have employee asking for leave encashment like this i.e 15000 12 / 365 although i know the difference very less is this right? how is calculate in it industry. please let know regards anuradha
El encashment -when leave availed is being paid on gross then why encashment on basic?
Dear all i know my query is old one as el encashment should be done on gross or basic when leave availed is being paid on gross then why encashment on basic? also my organization is 38 years old we used to pay on gross but since 2020 post covid period it has been made to basic. making changes has made the ctc of employee lesser & all are at stress & demotivated. is this step is correct kindly share your view points. rgds mukesh badal
Pf contribution on leave encashment ********urgent
Dear friends i am new to this forum and seeking your advise for the first time: it is very urgent and i have to give feedback to my management immediately our is pf on pay of vda long now the is with pf on our say we only on and da on the and pay pf of 12 but my hr says we 12 on the of can any of the in law me on the what does pf mean pf on very urgent reply is solicited. calculation procedure is also apreciated :?:
Encashment calculation - if leave encashment is paid on basic salary than lwp be deducted from the full salary?
Good afternoon all i have one query from our staff if leave encashment is paid on basic salary than lwp be deducted from the full salary. request that anyone can please share the clause for leave encashment and lwp
Provision of wage calculation leave encasement (basic or gross)
Dear sir recently i had join a manuf. unit in maharashtra which is in commissioning stage. i had asked by management to prepare various policies related to employees for the plant while preparing policy relate to leave encasement i am facing some queries for the same.as it is general practice to claculate leave encashment on basic wage but my consultant had advised me to calculate on gross salary. here i have query whether leave encashment is based on basic or on gross i searched any docu. evidence for the same can t found. as there are different openions for the same query i need your sincere help to know the actual provision of wage calculation leave encashment basic or gross please help