Dear All
I have a clarification on Leave encashment. Wages which is to be considered either Basic+da, gross wages or Net salary(take home).Weather it is divided by 26 or 30 days monthly salary.
regards
raveesh
From India, Manipal
I have a clarification on Leave encashment. Wages which is to be considered either Basic+da, gross wages or Net salary(take home).Weather it is divided by 26 or 30 days monthly salary.
regards
raveesh
From India, Manipal
Dear Raveesh, Gross salary divided by26. Opinion submitted as requested. Regards, R.N.Khola Skylark Associates, Gurgaon(Haryana) (Labour Law & Legal Consultants) 09810405361
From India, Delhi
363From India, Delhi
dear there is no law as such whether it should be gross or basic or basic+DA.if it is mentioned in company policy than we can work accordingly .it has to be divided by 26. regards j s malik
From India, Delhi
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
PF clarification on leave encashment.jpg