Hi all, As far as the information that i was provided by all of you, i construct the following salary structure and Encashment calculation.
correct me if i am wrong.
Salary Structure( 8000/- per month salary)
Components Monthly Yearly
BASIC 4000 48000
HRA 1600 19200
Conveyance allowance 1200 14400
Other allowance 1200 14400
Gross pay 8000 96000
8 PLs are encashable i.e.. Encashment calculation 4000/26*8 = 1230.76
Thank you.
correct me if i am wrong.
Salary Structure( 8000/- per month salary)
Components Monthly Yearly
BASIC 4000 48000
HRA 1600 19200
Conveyance allowance 1200 14400
Other allowance 1200 14400
Gross pay 8000 96000
8 PLs are encashable i.e.. Encashment calculation 4000/26*8 = 1230.76
Thank you.