Hi, I am calculating Earned Leave manually, So please let me know, how we can calculate,
if an employee consumed his leaves -7 CL & 7 SL and Holidays (company is giving 10-11 Holidays per year). How we will calculate EL in this case.
As every 20 days present generate an EL, How we calculate these 20 days. Sundays, Holidays and their own leaves included in these 20 days or not.
Please explain fully, i got confused after reading some responses that 240 days are there to calculate EL, how it is calculated and fixed as 240. Please mention if there is any formula.
From India, New Delhi
2if an employee consumed his leaves -7 CL & 7 SL and Holidays (company is giving 10-11 Holidays per year). How we will calculate EL in this case.
As every 20 days present generate an EL, How we calculate these 20 days. Sundays, Holidays and their own leaves included in these 20 days or not.
Please explain fully, i got confused after reading some responses that 240 days are there to calculate EL, how it is calculated and fixed as 240. Please mention if there is any formula.
From India, New Delhi
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x