Hii users
Can somebody tell me that the earned leave encashment calculation will be done by basic+da or by gross wages.
Basic+DA or Gross wages /26*no. of PL
Another question is that Overtime calculation will be done by basic+DA or by Gross wages.
Basic DA or Gross wages /26/8*twice of working hours.
Please clear this doubt
Thanks
From India, Chandigarh
140Can somebody tell me that the earned leave encashment calculation will be done by basic+da or by gross wages.
Basic+DA or Gross wages /26*no. of PL
Another question is that Overtime calculation will be done by basic+DA or by Gross wages.
Basic DA or Gross wages /26/8*twice of working hours.
Please clear this doubt
Thanks
From India, Chandigarh
Dear Vikas,
As per law, the EL to be encashed on Basic + DA, its compulsory for the purpose of compliance.
now if we talk about the EL encanshment, its depend on company policy, means very company to company, if an employer want to pay on gross salary then he can, our minimum requirement to follow proper compliance is (Basic + DA).
In the organizations, most of us encash on Basic + DA only, the detail of calculation is as under:
Basic+DA[/I][/B][/B]/26)*no. of PL[/U] or if on Gross then (Gross Salary/26)*no. of PL
Regards
NN
From India, Delhi
As per law, the EL to be encashed on Basic + DA, its compulsory for the purpose of compliance.
now if we talk about the EL encanshment, its depend on company policy, means very company to company, if an employer want to pay on gross salary then he can, our minimum requirement to follow proper compliance is (Basic + DA).
In the organizations, most of us encash on Basic + DA only, the detail of calculation is as under:
Basic+DA[/I][/B][/B]/26)*no. of PL[/U] or if on Gross then (Gross Salary/26)*no. of PL
Regards
NN
From India, Delhi
EL Calculation
(Basic+DA/26)*no. of PL
(10000/26)*10=3846
Over Time Calculation:we calculate it on Gross Wages, to be calculated on month days to be paid double
OT Calculation= ((Gross Salary/month days)/working hours))*Number of OT hours
From India, Delhi
(Basic+DA/26)*no. of PL
(10000/26)*10=3846
Over Time Calculation:we calculate it on Gross Wages, to be calculated on month days to be paid double
OT Calculation= ((Gross Salary/month days)/working hours))*Number of OT hours
From India, Delhi
not as per law,,, its depend on employers, if an employer wanna then he can. most of us or everyone is paying on Basic + DA Regards NN
From India, Delhi
From India, Delhi
no buddy, gross is not as per law,,,
its depend on employers, if an employer wanna then he can.
most of us or everyone is paying on Basic + DA
Regards
NN
Edit/Delete Message
Attribution: https://www.citehr.com/414251-overti...#ixzz1xvt0Ig2g
From India, Delhi
its depend on employers, if an employer wanna then he can.
most of us or everyone is paying on Basic + DA
Regards
NN
Edit/Delete Message
Attribution: https://www.citehr.com/414251-overti...#ixzz1xvt0Ig2g
From India, Delhi
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