Calculate amount for leave encashment - What is meant by prorated EL days?

Anonymous

How much Amount I can get if the leaves encashment formula is this

Annual Fixed Compensation / 365 * Number of pro-rated EL days to be encashed?

My Annual Fixed Compensation is 11,13,000 per annum and the number of Earned leaves remaining is 5.

What is meant by prorated EL days? Is it same as EL i.e 5 in my case ?
29th June 2021 From India, Bengaluru

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Ahmedhonest

Manish-kumar1

manish-kumar1

If Anyone share the formula how to encashed
14th July 2021 From India, Shimla

ahmedhonest

1113000 / 365 x 5 (since this is the balance) = 15246.57
14th July 2021 From India, Mumbai

manish-kumar1

If Anyone share name correction process in ESIC
24th July 2021 From India, Shimla

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Calculate amount for leave encashment - What is meant by prorated EL days?

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