Please advise - when any employee retires or is resigning from the service - leave payment should be basic or gross
From India, Thane
From India, Thane
Options for Calculating Leave Payment
There are two options for calculating leave payment:
1. If your salary payment is apportioned into components such as Basic, HRA, Conveyance, Medical allowance, and LTA, then the leave payment should be calculated based on the Basic salary.
2. If your salary is consolidated or fixed, then the fixed salary should be considered as the basic salary for leave payment calculation.
I hope this explanation is clear and helpful.
From India, New Delhi
There are two options for calculating leave payment:
1. If your salary payment is apportioned into components such as Basic, HRA, Conveyance, Medical allowance, and LTA, then the leave payment should be calculated based on the Basic salary.
2. If your salary is consolidated or fixed, then the fixed salary should be considered as the basic salary for leave payment calculation.
I hope this explanation is clear and helpful.
From India, New Delhi
Sorry to differ with the view of Mr. Kumar.
Leave salary clarification
Leave salary implies the normal salary that would have been paid but for the leave, minus the special allowance, if any, granted to meet expenses likely to be incurred for the job, like conveyance allowance. The same principle applies to the encashment of earned leave (EL) on termination of employment.
From India, Salem
Leave salary clarification
Leave salary implies the normal salary that would have been paid but for the leave, minus the special allowance, if any, granted to meet expenses likely to be incurred for the job, like conveyance allowance. The same principle applies to the encashment of earned leave (EL) on termination of employment.
From India, Salem
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