Hi seniors, Have a question. If we have leave encashment on basic salary, then can we have leave deduction also on basic salary only. Is it necesary to have deduction on gross only ?
From India, Mumbai
From India, Mumbai
Leave deductions are merely done on gross salary. Yes its necessary that deduction is done based on gross rather than basic salary. - Babu
From India, Madras
From India, Madras
Leave encashment is a facility offered to employees to get monetary benefits out of their accumulated leave. Leave deduction is different as the employee did not work during the period under deduction. Therefore, only gross pay shall be considered. Both cases can not be correlated.
Regards
R.Ponraj
From India, Lucknow
Regards
R.Ponraj
From India, Lucknow
hi Leave deductions are merely done on gross salary. without only travel allowence. reg hd gowda
From India, Bangalore
From India, Bangalore
#Subject List: factories act monetary benefits leave deduction leave encashment labour act basic salary loss of pay City-India-Mumbai Country-India