Nikhil Ramanuj
Hello All,
i am Nikhil

pl. let me know C/off rules.

and secondly i am confuded PL calculation rules in F & F, example given below.

Basic-5000
Balance PL-20 in F & F

1)5000/30*20=3333
2) 5000*12/365*20=3287

what is your currect calculation.

pl. help this matter


From India, Ahmadabad
ommygautam
78

if it is EL then, formula for leave encashment= current basic/26* earned leave 5000/26*20
From India, Rudarpur
mrnsarma
9

There are two methods follwoed by the Organizations
1. The public holidays during the leave period, are caculated as PL
If so the calculation is BP/30*20
2. The holidays during the leave period are excluded while accounting the PL
In that case the calculation is BP/26*20
In common the first procedure is followed by may Organizations.
Regards
Manager-Adm

From India, Hyderabad
R. Madan
5

Hi
I am also agree that commonly first method is used in the organisation i.e Current basic pay/30*balance leave i.e PL or EL .
Regarding C/off i.e if some one is working in any holiday or off day and he / she is availing leave in lieu of that particular day that is treated at Compensatory leave against working on any holiday or off day.
Regards
Rajiv Madan

From India, Bangalore
Reema HR
8

Thanks for sharing .
Regards,
Reema

Access Lakhs of job seekers profile for free !!!!
Just one click & Register Ratedprofiles
*services only in INDIA

From India, Coimbatore
mak007hr
13

Dear,
Always calculate EL encashment as follows;
(Basic+ DA)/26* No. of EL balance.
because, in the Factory Act or Shop & Estab. Act, average wages per day means monthly wages/26.
Per day average wages shall be paid for every EL in the credit of an employee.
Never go with the wrong practice always follow Act and Rules.
Thank
Mohd. Arif Khan


venkateswarlu singadala
Hello All,
i am Venkat
pl. let me know C/off rules.
and secondly i am confused PL calculation rules in F & F, example given below.
Basic-5000
Balance PL-20 in F & F
1)5000/30*20=3333
2) 5000*12/365*20=3287
what is your correct calculation.
pl. help this matter

From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.