Hr Professional With 8 Years Of Exp.
Manager Hr & Admin
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30th May 2013 From India, Pune
I would like to know the formula as per labour rules to be followed for the encashment of non-availed earned leave. I have worked for a
Trust in Coimbatore, Tamilnadu.
Once again thanks
5th June 2013 From India, Coimbatore
DA Means Dearness allowance.
In my concern Basic is Rs.6500/- but there is no information of Dearness allowance in Appoinment Letter and Payslip also
If there is no dear ness allowance for me, so what is calculation
basic/26days*15days*number of years completed=gratuity.(is it correct)
Why 26 day & 15days in formula
My Gratuity Contribution is Rs.312/- for the month.
Waiting for your Reply Seniors
6th June 2013 From Czech Republic, Prague
26days counted as working days in a month means if you divide your last basic+da by 26 days then you will get one day salary and as per gratuity act per year you get 15days salary means you can calculate like your basic+DA/26=one day gratuity then multiplied by 15days then you get one year gratuity and then multiplied by whatever number of years you have completed of your service
6th June 2013 From India, Pune
Entitlement: Sec-2(e) on completion of five years service except in case of death or disablement.
Qualifying Period: On rendering of 5 years service either termination, resignation or retirement.
Wages Means: Basic+ DA
Wages for Calculation: Sec-2(s) @ 15 days wages for every completed years as if the month comprises of 26 days at the last drawn salary.
(Basic+DA / 26) * 15 * No. of completed years of services.
Total Ceiling: Rs.10, 00,000
8th June 2013 From India, Kota
Is i am correct
What about the loss of DA & what is LTA one of my superior have LTA but i dont get that what is the role of pay and what is LTA
9th June 2013 From Czech Republic, Prague