Could any help me out, what is the formula to calculate the encashment of leave
From India, Nagpur
Acknowledge(0)
Amend(0)
From India, Nagpur
Acknowledge(0)Amend(0)
It’s EL only....which we can encash:- EL Encashment cal. = Basic+DA/26*No. of EL to be Encash.......
From India, New Delhi
Acknowledge(0)Amend(0)
1From India, New Delhi
Acknowledge(0)Amend(0)
Hi. Earned leave is calculated on gross salary.But some company usually calculate on basic salary.The formula is as follows Basic+DA/30*15*No of earned leave avail. Regards Bhargavi
From United Kingdom
Acknowledge(0)Amend(0)
From United Kingdom
Acknowledge(0)Amend(0)
Dear All,
I wanted to know whether there is any law or rule regarding compulsory leave encashment. Currently, I am working in the service sector, which is registered under the MSMED Act 2006. As per our company rules, there is no leave encashment. Therefore, I would like to know if there is any rule for this.
Thanks & Regards,
Nandan
From India, Vadodara
Acknowledge(0)Amend(0)
I wanted to know whether there is any law or rule regarding compulsory leave encashment. Currently, I am working in the service sector, which is registered under the MSMED Act 2006. As per our company rules, there is no leave encashment. Therefore, I would like to know if there is any rule for this.
Thanks & Regards,
Nandan
From India, Vadodara
Acknowledge(0)Amend(0)
Dear all,
I want to know why we are paying PL & SL to employees. As our organization provides employees on a contract basis, is it compulsory to add leave encashment to their cost? How does 5.83% arrive on basic + DA?
Clarification for leave compensation to employees.
Regards,
Ashlesha
From India, Mumbai
Acknowledge(0)Amend(0)
I want to know why we are paying PL & SL to employees. As our organization provides employees on a contract basis, is it compulsory to add leave encashment to their cost? How does 5.83% arrive on basic + DA?
Clarification for leave compensation to employees.
Regards,
Ashlesha
From India, Mumbai
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg