meetca
Dear Frnds, can any help me how to calculate EL amount (EL Standing to the credit) Thanks in advance,
From India, Bangalore
jai bakshi
27

Dear Meetca, EL or PL to calculated on last basic + DA earnd by the employee the calculation is as under: Last Basic + DA/26*No of Balance leave.
From India, Delhi
meetca
Dear Sir, Thanks for the reply, but if DA is not considered for PF calculation,can we consider it for EL calculation or only Basic we have to consider. Thanks & Regards,
From India, Bangalore
meetca
Dear Ponaraj, Thanks for the reply, but if DA is not considered for PF calculation,can we consider it for EL calculation or only Basic we have to consider. Thanks,
From India, Bangalore
pon1965
604

Why you are in confusion? For PF & EL encashment, both the components i.e. BASIC + DA should be considered.
From India, Lucknow
meetca
Sir
I understand that DA also forming part of PF, if a company salary break up is only Basic+DA and Basic is considering for PF deduction. Now based on the above i have to calculate by considering Basic only is it right?.
Thanks,

From India, Bangalore
sreedq
3

Based on the above discussion i understood that u r company, for PF calculation only Basic is taking into consideration it seems.....if it is so that calculation is worng where Basic+DA both has to consider for calucating PF contribution.
From India, Madras
meetca
I agree with you, but EL calculation based on this we have to consider only basic correct.
From India, Bangalore
sreedq
3

so u r agreeing that PF calcuation is worng. And for EL calculation u want to continue the same mistake agin by taking only basic?? whether it is EL or PF, both Basic+DA need to consider.
From India, Madras
RAMESHANPT
12

We have a practice of keeping the salary components as follows for staff and executives. Basic 40%, DA 20%, HRA 20%, Conveyance 20% Whether this structure is any way violating a rule? Pleace clarify
From India, Tiruppur
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