Deductions Of The Unpaid Leaves

Ladwani Punita
Hi All,
Can anybody enhance my knowledge?
I just want to know that deduction for the unpaid leave is done on what:
1. Basic Salary
2. Basic + DA
3. Gross Salary
Regards'
Punita
somabiswas2005
Dear Punita,
The unpaid leave is deducted from gross salary only.
I hope, your doubt is clear now.
Cheerrrrr
Soma :D
Ladwani Punita
Thanks Soma for clearing my doubt.
One more thing I would like to know is about calculation of the PL encashment.
That will on Basic or gross or....
:lol:
achuthananda
Dear Punitha,
To my knowlege, the calculation for unpaid leave (EL Encashment) is as follows :
Basic + D.A * No. of unpaid leave / 30 Days
For Example, If employee Basic salary is Rs. 3000/- D.A is Rs. 2000. Unpaid leave is 20 days. The calculation is mentioned below :
Rs. 3000 + Rs. 2000 * 20 days of leave / 30 days = Rs. 3333.33/-
The encashment amount is Rs. 3333.33 /- .
The leave encashment amount is subject to P.F. deduction as per recent notification.
Regards
S. Achuthananda
jayarajan
Hi,
depends the co. policy,
some cos. encash leaves on gross salary also.
General norm is basic + da
Regards
Jayaraj
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute