Hi All, Can anybody enhance my knowledge? I just want to know that deduction for the unpaid leave is done on what: 1. Basic Salary 2. Basic + DA 3. Gross Salary Regards' Punita
From India, Pune
From India, Pune
Dear Punita, The unpaid leave is deducted from gross salary only. I hope, your doubt is clear now. Cheerrrrr Soma :D
From India, Mumbai
3From India, Mumbai
Thanks Soma for clearing my doubt. One more thing I would like to know is about calculation of the PL encashment. That will on Basic or gross or.... :lol:
From India, Pune
From India, Pune
Dear Punitha,
To my knowlege, the calculation for unpaid leave (EL Encashment) is as follows :
Basic + D.A * No. of unpaid leave / 30 Days
For Example, If employee Basic salary is Rs. 3000/- D.A is Rs. 2000. Unpaid leave is 20 days. The calculation is mentioned below :
Rs. 3000 + Rs. 2000 * 20 days of leave / 30 days = Rs. 3333.33/-
The encashment amount is Rs. 3333.33 /- .
The leave encashment amount is subject to P.F. deduction as per recent notification.
Regards
S. Achuthananda
From India, Pune
To my knowlege, the calculation for unpaid leave (EL Encashment) is as follows :
Basic + D.A * No. of unpaid leave / 30 Days
For Example, If employee Basic salary is Rs. 3000/- D.A is Rs. 2000. Unpaid leave is 20 days. The calculation is mentioned below :
Rs. 3000 + Rs. 2000 * 20 days of leave / 30 days = Rs. 3333.33/-
The encashment amount is Rs. 3333.33 /- .
The leave encashment amount is subject to P.F. deduction as per recent notification.
Regards
S. Achuthananda
From India, Pune
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Rules for Statutory Deductions Exemptions Perquisites-Pay roll.doc