Hai, I need to Brief Caliculations of Earned Leaves, And tell me the rules And procedure of the encashment of earned Leaves. please give me reply.
From India, Hyderabad
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From India, Hyderabad
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Dear Keerthi,
First of all, tell me what you require - P.F Calculation or Earned Leaves Calculation.
If you require P.F calculation, please refer to the email above from Mr. Atul Ghumatkar. I hope the data provided above is helpful for you.
If you need Earned Leave Calculation, then follow the steps below:
Step 1: Count the number of actual working days of the worker within a year (Jan to Dec). For example, Actual Working Days = 240.
Step 2: Sum the same and divide by 20. (EL = 240/20, EL = 12)
Step 3: After that, apply the formula i.e. Current Salary / 26 * EL. (Leave encashment = 8000 / 26 * 12 = 3692.30 Rupees)
If you have any confusion, please feel free to contact me.
Thanks & Best Regards
From India, Delhi
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30First of all, tell me what you require - P.F Calculation or Earned Leaves Calculation.
If you require P.F calculation, please refer to the email above from Mr. Atul Ghumatkar. I hope the data provided above is helpful for you.
If you need Earned Leave Calculation, then follow the steps below:
Step 1: Count the number of actual working days of the worker within a year (Jan to Dec). For example, Actual Working Days = 240.
Step 2: Sum the same and divide by 20. (EL = 240/20, EL = 12)
Step 3: After that, apply the formula i.e. Current Salary / 26 * EL. (Leave encashment = 8000 / 26 * 12 = 3692.30 Rupees)
If you have any confusion, please feel free to contact me.
Thanks & Best Regards
From India, Delhi
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Mr. Amit Sharma Sorry, But from where you get this formula kindly let us know. It specicifed under any act. If yes tell us. Regards, Vishal Malik
From India, Delhi
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From India, Delhi
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Could someone please tell me whether this formula is correct? I received this formula from someone working as a manager in a manufacturing company, as I am getting confused by the numerous formulas I have seen.
Formula for Earned Leave Calculation
The formula is: (Basic + DA) / 30 * 15 * Total number of earned leaves available.
Thanks & Regards,
Bhargavi H K
From United Kingdom
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Formula for Earned Leave Calculation
The formula is: (Basic + DA) / 30 * 15 * Total number of earned leaves available.
Thanks & Regards,
Bhargavi H K
From United Kingdom
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SALARY SHEET CALCULATION.xls
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