Hi, Please tell me how do we calculate leave encashment. For Eg: Monthly gross salary is Rs.10,000/- Out of which, Basic=5000, HRA=2500, Medical=1250, Conv=800, Misc Allw=450, Then how much would be leave encashment of 5 days?? Is the leave encashment calculated on last earned basic or it is calculated on the basic for the period during which the leave was earned?