Calculation Of EARNED LEAVE [Thread 50664]

Dear ALL!!!
Can any body enhance my knowledge on the parameter for the Calculation of Earned Leave ?
Is it calculated on Basic or on Gross ?
FARAH

Hi Farah,
Earned leave will be calculated on basic salary only. Formula to calculate EL is Total Basic Salary divided by Total Number of Months he worked multiplied by number of earned leaves divided by thirty days.
For Example:
120000 15
-------- * ------ = 4286
14 30

Dear
UPdate your knowledge. Leave encashment is to ba paid on Gross Salary.
This is with ref to the decision given by Supreme Court.
Its on GROSS SALARY.
regards
Nitin Nikam

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Regards
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Hai
The Formula to calculate EL is Total Basic Salary divided by Total Number of Months he worked multiplied by number of earned leaves divided by thirty days which given here.
Please clear me thirty days or only 26 days because payable days are only 26 other 4 days are holidays. Are it depends on company paying system???

Hai,
The formula to calculate Earned Leave is Basic Salary divided by 26 i.e. payable days multiplied by total earned leave
Eg: 5000
------- * 15 =2884.6
26
Please clear me is it necessary to have number of months to calculate earned leave?? The payable days is alone not enough to calculate earned leave???

Dear Nitin
Please can u provide me the details of Supreme Court decision's on Earned Leave.
Regards,
Rahul

Hi
Can someone clear my doubt on the calculation of PL/EL
As far i know it is
Monthly Basic salary * No.Of leaves
30
But as was earlier mentioned :
120000 15
-------- * --- = 4286
14 30
OR

Monthly Basic salary * No.Of leaves
26
Which is the correct method to calculate?????
Regards,
Deepa

Dear
EL calculation on Basic.
(Basic + Da ) / 30 * (No. Of EL.) = 0000000 - P.F. = Net Payee

Dear Sir,
This is K. Ravi Kumar from Hyderabad. I've one query related to Earned Leave (EL). I've joined my present company on 14th June 2006 and still now i'm continuing my job.
From 14th June 2006 to March 2007 my BASIC SALARY is Rs. 3500 and from APRIL onwards my BASIC SALARY IS 4750.
Than How we should calculate the EL?
And this is a sincere request to you to provide your complete details, related correspondence regarding HR Issues.
Thanking you
Yours faithfully,
Kasina Ravi Kumar.
E-mail: [Login to view]
PH: 09989111149
HYDERABAD.