Dear Frnds, Please can any one guide me regarding EL calculation, Thanks in advance,
From India, Bangalore
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From India, Bangalore
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Dear Meetca,
I will provide you with the process that I follow for leave calculation in our company. I hope this will be of use to you.
Leave Calculation:
- As per the leave policy, the leave year for computing all types of leave will be from 1st January – 31st December. Based on the need/reason and length of leave, the following categories of leave can be availed: CL, SL, and EL.
- For a permanent employee CL: 7 days, SL: 7 days, and EL: 8 days will be credited on the 1st January of the calendar year.
- For employees falling under Training and Probation period, full SL: 7 days will be credited on the 1st January of the calendar year irrespective of the date of completion of their training or Probation period.
- After completion of the Probation period, the balance CL and EL will be credited to the employee based on the following leave calculations. Refer to the Leave policy to understand the leave procedure.
Trainee/Probation employee – SL calculation:
For Example 1, if a new employee joins on June 1st, 2009, as a trainee/probation, then the leave calculation is as follows: (For Trainee/Probation only SL will be credited)
SL Leave Calculation:
(Total SL credit for the calendar year / Total number of months in the calendar year) * Months remaining in the calendar year
As per the above example:
- Total SL credit for the calendar year = 7 days
- Total number of months in the calendar year = 12 months
- Months remaining in the calendar year = 7 months (As the employee joined on June 1st)
Therefore, 4 days of SL will be credited to the new employee. If the calculated leave results in 4.50, then four and a half days of leave will be credited. If it results in more than 4.5, such as 4.55/4.6/4.7..., then the leave will be rounded up and credited as 5 days.
If a new employee joins as a Trainee on 1st January 2009, then SL – 7 days will be credited to the employee as per the above formula, and this leave credit is for the entire year. It doesn't mean that when the employee enters into probation in July, leave has to be credited again because both trainee and probation employees will be eligible for SL only. Only after the completion of the probation period, CL and EL will be credited.
If a new employee joins on 1st January 2009 on probation, then SL – 7 days will be credited for the entire year. As of July 1st, if the employee gets confirmed, CL and EL will be credited, and the leave calculation is as follows:
Confirmed employee CL calculation:
Example 2, if a new employee joins on 1st January 2009 on probation and gets confirmed on July 1st, 2009, the CL calculation is as follows:
CL Calculation:
(Total CL credit for the calendar year / Total number of months in the calendar year) * Months remaining in the calendar year
Therefore, 3.5 days of CL will be credited as of July 1st for the entire year. If the calculated value results in more than 3.5, such as 3.6/3.7/3.8..., then the leave will be rounded up and credited as 4 days.
Confirmed employee EL calculation:
Example 3, if a new employee joins on 1st January 2009 on probation and gets confirmed on July 1st, 2009, the EL calculation is as follows:
EL Calculation:
(Total EL credit for the calendar year / Total number of months in the calendar year) * Months remaining in the calendar year
Therefore, 4 days of EL will be credited as of July 1st for the entire year. If the calculated value results in more than 4.5, such as 4.6/4.7/4.8..., then the leave will be rounded up and credited as 5 days.
Dear Friends,
Please, can anyone guide me regarding EL calculation?
Thanks in advance.
From India, Madras
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53I will provide you with the process that I follow for leave calculation in our company. I hope this will be of use to you.
Leave Calculation:
- As per the leave policy, the leave year for computing all types of leave will be from 1st January – 31st December. Based on the need/reason and length of leave, the following categories of leave can be availed: CL, SL, and EL.
- For a permanent employee CL: 7 days, SL: 7 days, and EL: 8 days will be credited on the 1st January of the calendar year.
- For employees falling under Training and Probation period, full SL: 7 days will be credited on the 1st January of the calendar year irrespective of the date of completion of their training or Probation period.
- After completion of the Probation period, the balance CL and EL will be credited to the employee based on the following leave calculations. Refer to the Leave policy to understand the leave procedure.
Trainee/Probation employee – SL calculation:
For Example 1, if a new employee joins on June 1st, 2009, as a trainee/probation, then the leave calculation is as follows: (For Trainee/Probation only SL will be credited)
SL Leave Calculation:
(Total SL credit for the calendar year / Total number of months in the calendar year) * Months remaining in the calendar year
As per the above example:
- Total SL credit for the calendar year = 7 days
- Total number of months in the calendar year = 12 months
- Months remaining in the calendar year = 7 months (As the employee joined on June 1st)
Therefore, 4 days of SL will be credited to the new employee. If the calculated leave results in 4.50, then four and a half days of leave will be credited. If it results in more than 4.5, such as 4.55/4.6/4.7..., then the leave will be rounded up and credited as 5 days.
If a new employee joins as a Trainee on 1st January 2009, then SL – 7 days will be credited to the employee as per the above formula, and this leave credit is for the entire year. It doesn't mean that when the employee enters into probation in July, leave has to be credited again because both trainee and probation employees will be eligible for SL only. Only after the completion of the probation period, CL and EL will be credited.
If a new employee joins on 1st January 2009 on probation, then SL – 7 days will be credited for the entire year. As of July 1st, if the employee gets confirmed, CL and EL will be credited, and the leave calculation is as follows:
Confirmed employee CL calculation:
Example 2, if a new employee joins on 1st January 2009 on probation and gets confirmed on July 1st, 2009, the CL calculation is as follows:
CL Calculation:
(Total CL credit for the calendar year / Total number of months in the calendar year) * Months remaining in the calendar year
Therefore, 3.5 days of CL will be credited as of July 1st for the entire year. If the calculated value results in more than 3.5, such as 3.6/3.7/3.8..., then the leave will be rounded up and credited as 4 days.
Confirmed employee EL calculation:
Example 3, if a new employee joins on 1st January 2009 on probation and gets confirmed on July 1st, 2009, the EL calculation is as follows:
EL Calculation:
(Total EL credit for the calendar year / Total number of months in the calendar year) * Months remaining in the calendar year
Therefore, 4 days of EL will be credited as of July 1st for the entire year. If the calculated value results in more than 4.5, such as 4.6/4.7/4.8..., then the leave will be rounded up and credited as 5 days.
Dear Friends,
Please, can anyone guide me regarding EL calculation?
Thanks in advance.
From India, Madras
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Hi, my company is near Mumbai. Every employee who joins has to serve a 1-year probation. After the completion of which, he/she is entitled to CL - 14 days, EL - 30 days, and Sick Leaves - 7 days, from 1st January. One of our employees completed 1 year of probation on 18/03/2014 with his Loss Pay Days being 20 days.
Earned Leaves Calculation
The basic formula we follow for Earned Leaves is (30/360) * (Number of Days from the date of Joining - LOP). Now, I have to determine his leaves from 1st January onwards. Please help.
Regards
From India, Bhilai
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Earned Leaves Calculation
The basic formula we follow for Earned Leaves is (30/360) * (Number of Days from the date of Joining - LOP). Now, I have to determine his leaves from 1st January onwards. Please help.
Regards
From India, Bhilai
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x