Dear Sir, I want to know if Leave Encashment at the time of F&F is calculated on Basic + DA or on the Gross Salary of the Employee. We normally calculate it on Basic + DA, but the Auditor marked it as not complied.
Hi, the leave encashment is based on the last basic pay and dearness allowance (DA), not on the gross salary.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute