I am the HR associate in company. I want how to calculate Leave Encashment Under Factories Act in Maharashtra State Govt.
From India, Mumbai
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I want how to calculate Leave Encashment Under Factories Act.
From India, Mumbai
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From India, Mumbai
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The General Formula which I know is: EL=Basic+DA/26*Remaining Days
From India, Jodhpur
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1From India, Jodhpur
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Ideally, leave encashment should be calculated on all wage heads except those linked with attendance, such as canteen subsidies, where the allowance is calculated on a pro-rata basis. The Factories Act does not provide for encashment. The provisions related to encashments are governed by standing orders or agreements with unions or works committees.
Regards,
Shailesh Parikh
Vadodara, Gujarat
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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Regards,
Shailesh Parikh
Vadodara, Gujarat
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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Leave encashment = basic / 30 x number of leaves.
Leave Calculation Under the Maharashtra Factories Act
The Maharashtra Factories Act states that 1 day of leave is granted for every 20 days present. However, it does not specify how to calculate leave encashment.
Regards,
Vijay R C
From India, Bangalore
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Leave Calculation Under the Maharashtra Factories Act
The Maharashtra Factories Act states that 1 day of leave is granted for every 20 days present. However, it does not specify how to calculate leave encashment.
Regards,
Vijay R C
From India, Bangalore
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FACTORIES ACT-leave rules.doc
Factories Act-Sec.79-Leav e.pdf