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Leave Encashment Dilemma: Should We Divide Monthly Salary by 26 or 30 Days?


While calculating per day salary of Monthly rated employee, for Leave Encashment, whether we should divide monthly salary by 26 or 30 Regards
From India, Bangalore
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For caliculating Leave Encashment we taken 30 days, at the time of caliculating Gratuity then we consider as 26 days
From India, Visakhapatnam
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I came to hear that there is a DPE (Department of Public Enterprises) guideline to divide by 30 for leave encashment of Previlage/Earned Leave. Abbas.P.S
From India, Bangalore
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Related Files & Downloads Shared By Members
 LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
 LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
 Leave Encashment & Salary Calculation.xls x


Human Resource Management (HRM) Community Journal & KnowledgeBase (Entry: 7393)

India, Bangalore
08 April 2006 03.40.57 PM
Views: 3058 Replies: 2 Appreciations: 0

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