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Jul 18, 2011 · 6. Subject : PL encashment calculation. Dear fnds, 1. If PL is 21 calendar days a yr., then it is suggestive that the calculation to be done as - (basic+d.a.)/30*no, of days to be encashed. 2. If PL is 21 working days a yr., then the calculation should be , (basic+d.a.)/26*no. of days to be encashed.
Mar 13, 2014 · tiwaryhr@gmail.com. 2. 1. Dear Sir, I want to clarify from your side that what is the formula for leave encashment.In other word we will take 26 days or 30 days for payment of Leave.Earlier i was in Noida and i have seen many companies are making calculation for leave encashment in 26 Days.The reason behind it - 1Leave is earned for 20 days ...
May 21, 2017 · It is not mentioned either in the Factories' Act or in any other Acts as regard to the method of calculation of leave encashment. Some of the views that in case of Monthly rated employees, to arrive at daily rate, monthly rate of Salary should be divided by 30 days. Some others view that Monthly rate of salary should be divided by 26 days.
Leave encashment should be done on gross salary instead of basic salary, calculation formula should be Gross Salary/26 * no. of leave/leaves. Thanks & Regards, From, Sumit Kumar Saxena 8th August 2013 From India, Ghaziabad
We consider 26 days for Gratuity & Leave Encashment calculation. For Gratuity: [ (Basic Pay + D.A) x 15 days x No. of years of service ] / 26 For Leave Encashment: Basic Salary per month * Nos of Earned Leaves left / 26 20th May 2013
6. dear MEMBER, For earned leave encashment, we should take basic salary ( not gross salary) for a month having 30 days. For.eg A person who has totally worked 120 days, He is eligible to get 6 days for encashment. his basic salary for a day to be derived and which should be multiplied by 6 days. Basic salary Rs.800 X 6 days = 4800/-.
For Eg: Monthly gross salary is Rs.10,000/- Out of which, Basic=5000, HRA=2500, Medical=1250, Conv=800, Misc Allw=450, Then how much would be leave encashment of 5 days?? Is the leave encashment calculated on last earned basic or it is calculated on the basic for the period during which the leave was earned? 9th July 2007 From India, Delhi
Apr 15, 2019 · Dear All, Please help me to calculate the leave encashment , for example if some one has basic=Rs 4833 and Annual leave balance=19. On basis of above, it should be Rs. 3532 (4833/26*19). But, I think you have not provided complete information. Pls note the below.
Apr 17, 2024 · Paid leave means leave taken for which payment of salary is made. Obviously, it will be equal to the salary for the working day or the paid leave will be considered as day worked for payment. At the same time, encashment is surrender of leaves and when you surrender your leaves, you will get cash equivalent to the number of days leave surrendered.
2. Hi Anu, Leave encashment can be done for only the Earned / Previlege / Annual leave that the company provides to the employee and not on the Sick or casual leave. During full and final settlement it is mandatory that the leave be encashed. Balance leave can also be adjusted towards the notice period the balance leave needs to be give by way ...
