Thank you so much, sir!
I saw a calculation in another post or portal that divided by 26 as well. I have confusion just because I will not be able to take leave on weekly holidays. Shouldn't it be divided by the working days of the month?
From India, Ahmedabad
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I saw a calculation in another post or portal that divided by 26 as well. I have confusion just because I will not be able to take leave on weekly holidays. Shouldn't it be divided by the working days of the month?
From India, Ahmedabad
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As per Statutory Act it will be deducted from BASIC SALARY only....
From India, Bangalore
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63From India, Bangalore
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Dear Friend, ITS ON STATUTORY GROUNDS " ITS SHOULD BE PAID ON BASIC SALARY". My clients are paying on the Basic Salary only.. As per the Act / Policy..
From India, Bangalore
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From India, Bangalore
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Of course, I haven't come across any regulation to stipulate the leave encashment process. There were discussions in this link on the subject- https://www.citehr.com/17052-pf-esi-...-download.html
To some extent, the attached AP HC judgment provides some guidelines by tagging the IT act provisions in respect of leave encashment, which I hope shed some light on the matter.
From India, Bangalore
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To some extent, the attached AP HC judgment provides some guidelines by tagging the IT act provisions in respect of leave encashment, which I hope shed some light on the matter.
From India, Bangalore
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
EPFO Circular Leave Encashment.jpg