Dear Seniors,
Can anyone tell me that if the LWP calculation is to be done on Gross salary or on (Basic+ DA) as per the companies act.
The leave encashment is to be done Gross or on (Basic + DA).
As in the company where I work, currently the LWP is calculated on the gross salary. a matter is comming up that 'if the leave encashment is done on the (Basic + DA) then the LWP calculation should also be done on the same basis.
please advice me in this matter.
regards
Can anyone tell me that if the LWP calculation is to be done on Gross salary or on (Basic+ DA) as per the companies act.
The leave encashment is to be done Gross or on (Basic + DA).
As in the company where I work, currently the LWP is calculated on the gross salary. a matter is comming up that 'if the leave encashment is done on the (Basic + DA) then the LWP calculation should also be done on the same basis.
please advice me in this matter.
regards