Earned Leave Encashment - Bmp Download

Hi,
Encashment of Earned leave is always calculated on gross salary of current Year.

HAI
sumitk.saxena,
malay.kumar1
PLEASE ENCLOSE GO OR ANY RULE RELATED TO Encashment of Earned leave MUST calculated on gross salary

HAI
sumitk.saxena,
malay.kumar1
PLEASE ENCLOSE GOVT. ORDER OR ANY RULE RELATED TO Encashment of Earned leave MUST calculated on gross salary

Dear Sir,
As per bombay shops and establishment act, only 42 leaves can be accumulated and rest of the leaves can be forfitted by the company. But its totally depend upon the policy of the company..the formula for leave encashment is..
Basic + HRA
.................... x number of days to encash
30
Rgds,
Rahul

Dear Prasad,
For the first query, you cannot make encashment of leave with the respective year salary.
You should make the payment as per the last drawn wages/ salary.
And let me know your organisation fall under Shops and establishments act or Factories act, so that I can accordingly suggest whether you need to make payment on Basic + DA or gross salary.
Regards

Dear Ramesh
we comes under AP shops and est act
Regrads
PRasad

Dear All,
Earned leaves encashment depends on the company's policy only. Im supporting priyas statement. Company should decide whether they will give on basic salary or others.
regards,
narayan

Leave encashment should be on Gross for more Details See Section 79 and 80 of the Factory Act 1948.

Dear Deepak,
Tks for the information..
One thing people are not understanding, when they take leave they want to have their one day salary (from Gross) and when they encashing it they expected from Basic + DA. How the logic will match???
I am strongly supporting all others who have said Leave encashed from Gross sal
Tks

Earn leave should be calculated on basic not on gross.dont be create confusion here.need any reference i will post here.
Regards
M.N.sekhar