Please advise - when any employee retires or is resigning from the service - leave payment should be basic or gross
From India, Thane
There are two options in calculating leave payment.
1. If your salary payment apportioned like Basic, HRA, Conveyance, Medical allow, LTA, in this case the leave payment to be calculated on Basic salary.
2. If your salary is consolidated or fixed then the fixed salary to be considered as basic salary and leave payment to be calculated according to this.
Hope this would suffice.

From India, New Delhi
Sorry to differ with the view of Mr.Kumar.
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 encashment of EL on termination of employment.

From India, Salem

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service





All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server