If the total present days are 298, and as per the rule divided by 20: 298/20 = 14.9, then what should be considered, 14 or 15 earned leave? 292/20 = 14.6. It should be 14.5 or 14. Please suggest the proper way to calculate earned leave if it comes in proportion.
From India, Kolkata
Acknowledge(0)
Amend(0)
From India, Kolkata
Acknowledge(0)Amend(0)
I'm giving you the suggestion based on my company's procedure.
1. 14.9 days will be considered as 14.5.
2. 14.6 days will be considered as 14.5.
3. 14.4 days will be considered as 14.
4. 15.1 days will be considered as 15.
From India, Chennai
Acknowledge(0)Amend(0)
1031. 14.9 days will be considered as 14.5.
2. 14.6 days will be considered as 14.5.
3. 14.4 days will be considered as 14.
4. 15.1 days will be considered as 15.
From India, Chennai
Acknowledge(0)Amend(0)
As per section 79 sub secton 4of the Factories Act any fraction of half day shall be calculated as one full day and any fraction less than half a day shall be ignored
From India, Bangalore
Acknowledge(4)
Amend(0)
From India, Bangalore
Acknowledge(4)Amend(0)
Mr Sarvanan, Your calculation procedure is contrary to the provisions and it is better to take corrective measures as rightly advised by PRATEEKSHAA above. P K Sharma
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
It is not the present days of an employee; it is the period of work, which means the weekly off and any holiday have to be counted. Furthermore, as advised by seniors, any fraction of half a day and above is treated as a full day, while any fraction below half a day has to be nullified.
From India, Ahmadabad
Acknowledge(0)Amend(0)
From India, Ahmadabad
Acknowledge(0)Amend(0)
As per the suggestions, I can make the changes. However, my company is not governed under the "Factories Act." The "Shops & Establishment Act" does not mention fractions. Please let me know the exact act so that I can implement the necessary changes.
From India, Chennai
Acknowledge(0)Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Every fraction of 0.5 and above has to be rounded off to the next higher digit. Fraction up to 0.4 can be ignored in counting.
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x