Earned Leave Encashment Calculation [Thread 244418]

Hai
Anyone have basic exle formate to calculation for the same?
Please share with us.
Nirav.Parikh

To all Members,
With humble request
pls. reply only if you know that it is correct! don't put lines which u think is correct. pls. refer labor law first then comment.
pls. take care your one mistaken line can cause hundreds of errors/obligations/cases.!!!!!!!!!!
ask freely what u want to task, it may be only a basic question, but comment only when u know it is correct!!!!!!
Manish Gupta

Monthly Encahable Salary to be divided by 30 days to arrive at Leave Encashment payable per day. Division by 26 is correct only if rate of salary is per day.
Thanks & Regards

Dear All,
Earned leaves are calculated like this.
Gross Salary/Total EL Alloted * EL Left Over for the calender year.
Regs,
Sanjay

Dear Manish,
I am also of the same view.
With Regards,
R.N.Khola

Formula given by Mr. Sanjay is completely wrong. Take a example and one will come to know. What he is trying to find out? earned Leaves? EL Encashment? God knows.
I appel to citehr memebers to post responsibaly. Please post only if you are confidant about completeness and correctness of Information.
Thanks & Regards

Dear Amit,
If you deem fit plz let us know which of the law( Act & section) says that we are to consider basic salary for calculation of amount for encashment of earned leaves.
With Regards,
R.N.Khola

Earned will be calculated on the basis of Basic+DA/30*No of days earned=EL payable
Nagaraj.N.K
9448886290

Dear Friends
When we calculate leave encashment how is the PF amount which has been contributed by the company to be adjusted.
Gita

Hi Deepthi,
Earned leaves are normally calculated with the last earned basic + DA (if the company provides) + any commission provided by the company upon fixed percentage of turnover. Divide this by 30 to get one day EL encashment
You may refer this site
IndiaTaxes.com - Leave salary, leaves per annum, Nature of leave encashment, Taxability, Employee status, Three steps theory, how to find average salary, leave encashment calculator <link updated to site home> ( Search On Cite | Search On Google )
Regards
Kannan R