hi, can u explain regarding final settlement is calculated ,when PLI includes in the CTC. how do we calculate leave enchament and salary for no.of days. Regards likki
From India, Hyderabad
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From India, Hyderabad
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PLI is normally given to the employees who have worked with the company for a specific period. For the calculation of FFS leave encashment, always calculate based on 30 days, regardless of whether the month has 30 or 31 days.
From India, Bhubaneswar
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2From India, Bhubaneswar
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Dear Sanjib,
Why is the salary for leave encashment divided by 30? Have you studied this somewhere or are you speaking from your experience? The salary for leave encashment should always be divided by 26 because one day's salary is obtained by dividing the monthly salary by 26.
Thanks,
J. S. Malik
From India, Delhi
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Why is the salary for leave encashment divided by 30? Have you studied this somewhere or are you speaking from your experience? The salary for leave encashment should always be divided by 26 because one day's salary is obtained by dividing the monthly salary by 26.
Thanks,
J. S. Malik
From India, Delhi
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x