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Mar 13, 2014 · In general leave encashment is calculated by considering 30 days in a month but in my last organization the leave encashment calculation was very specific. We used to calculate amount of each leave according to the per day salary of that particular month in which the leave was earned, after getting the amount of each earned leave one can add them to get the final amount.
Jul 18, 2011 · encashment should be done on gross salary because if an employee is not leave without prior intemation the deduction of salary should be gross not only basic and in the leave register the colomn of total earning is there which accompained by net payable/gross salary not only basic, 26 will be working days as because 1 leave should be credited in the employee account after 20 working 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.
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
Dec 10, 2012 · But logically, Leave encashment is nothing but surrendering or selling your leave days on which otherwise U should have worked. In other words leave is earned by working a no of full days on duty. So extending the same analogy U should have been on duty on these days as a normal working day but for this leave encashment and thus entitled for full wages (gross).
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
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. 15th April 2019 From India, New Delhi Add Reply → Start New →
As per Factories Act Annual Leave Encashment Calculation ought to be done on the basis of Monthly Pay Drawn by the employee during the Preeceding Month and should be divided by 26 not 30. The rule is very clear about EL but CL is very confusing as if the employee who has not availed his CL during the preeceding year and neither has encashed it what should be done.
Jan 15, 2013 · Please find herewith our leave encashment policy. Our policy is to accumulate 30 days leave in account and the leave which are more thatn 30 are eacashed. i.e if total leave for any person on 1st Jan is 45 then he will get an encashment of 15 days. The leave encashment policy is as under
