Could any help me out, what is the formula to calculate the encashment of leave
From India, Nagpur
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From India, Nagpur
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It’s EL only....which we can encash:- EL Encashment cal. = Basic+DA/26*No. of EL to be Encash.......
From India, New Delhi
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1From India, New Delhi
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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
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From United Kingdom
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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
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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
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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
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Clarification for Leave Compensation to Employees
Regards,
Ashlesha
From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg