Request for Corporate Policy on Privilege Leave Encashment
Can anyone share the policy used in corporates to encash privilege leave? In our company, we calculate the basic as 70% of the gross salary, resulting in a high basic amount, unlike the maximum slab of 6500/-. We are now looking to encash privilege leaves for our employees. Can someone share the formulas used in corporates to calculate privilege leave so that we can choose one that is feasible for our company? Also, please suggest the most economical way of calculating privilege leave with a formula. Your timely suggestions will be of great help.
Thanks,
Vidhya
From India, Mumbai
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1Can anyone share the policy used in corporates to encash privilege leave? In our company, we calculate the basic as 70% of the gross salary, resulting in a high basic amount, unlike the maximum slab of 6500/-. We are now looking to encash privilege leaves for our employees. Can someone share the formulas used in corporates to calculate privilege leave so that we can choose one that is feasible for our company? Also, please suggest the most economical way of calculating privilege leave with a formula. Your timely suggestions will be of great help.
Thanks,
Vidhya
From India, Mumbai
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In many companies, the encashing of PL is on basic. It depends on the policies of your company. Pon
From India, Lucknow
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From India, Lucknow
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Dear Friends In some companies they will take gross salary for PL encashment, and also calculate for 26 days.It depends upon the company policy. regards alphonse
From India, Madras
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From India, Madras
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x