Hi Prachi
If your organisation will be ready to pay the leave encashment amount per year then you have to calculate the balance leaves as below.
i.g. if an employee having balance of 10 PL(earned leave), 2 CL & 2 SL at the end of year and
His/ her latest gross salary is 6500 per month then your calculation will be as follows.
10+2+2=14 and his/her salary is 6500 per month then the leave encashment will be 6500/31*14=3033.33/-
Feel free to revert if any.
Regards
Ravi Kulkarni
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If your organisation will be ready to pay the leave encashment amount per year then you have to calculate the balance leaves as below.
i.g. if an employee having balance of 10 PL(earned leave), 2 CL & 2 SL at the end of year and
His/ her latest gross salary is 6500 per month then your calculation will be as follows.
10+2+2=14 and his/her salary is 6500 per month then the leave encashment will be 6500/31*14=3033.33/-
Feel free to revert if any.
Regards
Ravi Kulkarni
[Login to view]