I have been assigned to prepare the F&F for a resigned employee, below our details given, I need help to calculate leave encashment applicable:
Name of employee: XXX
Date of Joining: 03/01/2017
Last Working Date: 28/02/2019
Basic Salary: 13,500
Gross Salary: 27,000
PF: 3600
Medical Reimbursement: 440
February'19 Month Days Worked: 24 (no leaves taken)
Leave Balance: PL: 8/CL:6/SL:6 (At start of financial year, we give PL-8,CL&SL-6, employee's leaves were used by December 2018 so no leaves were carried forward for year 2019)
Request you to please share step by step calculation with brief explanation.
Name of employee: XXX
Date of Joining: 03/01/2017
Last Working Date: 28/02/2019
Basic Salary: 13,500
Gross Salary: 27,000
PF: 3600
Medical Reimbursement: 440
February'19 Month Days Worked: 24 (no leaves taken)
Leave Balance: PL: 8/CL:6/SL:6 (At start of financial year, we give PL-8,CL&SL-6, employee's leaves were used by December 2018 so no leaves were carried forward for year 2019)
Request you to please share step by step calculation with brief explanation.