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Search for "Leave Encashment Basic Salary"
Leave encashmentCan you anybody suggest how the leave encashment will be calculated if any employee salary has been raised at end of the year say salary has been change in march. does the leave encashment is caluclated on current basic or it should be prorated for 11 months in old basic and one month in current basic? Leave encashment on basic or gross?Dear all we are preparing leave encashment. we have to decide whether leave encashment should be on basic or on grosswe have tried to convince to employees about leave encashment on basic but employees are not convinced. please guide regards pratap m kamble 9689901446 Leave encashmentDear all we have this leave encashment policy with us. this is the first time that we have taken up this policy to reduce the absentiesm. i wanted to know whether the leave encashment is calculated on the basic of the salary or on the gross amount. thanks & regards suhrita