Dear all,
Can any one tell me the formula for calculating the leave i.e. EL/PL.
Is it be possible that an employee can demand for encashing his EL/PL within job after one year.
Regards
Anjana Tanay Panda
From India, Bhubaneswar
11Can any one tell me the formula for calculating the leave i.e. EL/PL.
Is it be possible that an employee can demand for encashing his EL/PL within job after one year.
Regards
Anjana Tanay Panda
From India, Bhubaneswar
Dear Anjana Tanay Panda,
Greetings for the day,
Salary/26 * no. of leaves,
Salary should be gross salary,
26 will be the working days.
no. of leaves stands for balance leave.
thanks & regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Greetings for the day,
Salary/26 * no. of leaves,
Salary should be gross salary,
26 will be the working days.
no. of leaves stands for balance leave.
thanks & regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Dear Anjana
EARNED LEAVE / PRIVILEGED leave is calculated if any one works for 20 days he is eligible for 1 day EL/
What the condition is he has to work for 240 days in a year.Previous year ;eave only can be availed in next year only.
Current year leave only will be availed in the next year.
Regards
V.Subbarao
From India, Madras
EARNED LEAVE / PRIVILEGED leave is calculated if any one works for 20 days he is eligible for 1 day EL/
What the condition is he has to work for 240 days in a year.Previous year ;eave only can be availed in next year only.
Current year leave only will be availed in the next year.
Regards
V.Subbarao
From India, Madras
Provision of encashment of leave, to the best of my knowledge, is applicable only during termination or resignation. In case of a person continuing on the job, encashment of leave is a privilege the company may chose to grant and not a right
From India, Mumbai
From India, Mumbai
Dear Anjana,
The leave calculation is not static for companies. Actually leave policy is defined in leave policy under shops & establishment act which varies from state to state. Leave generally ascertained in a calender month from January to December. As per example in Haryana, leaves are defined as 15 EL(Earned Leaves), 7 SL(Sick Leaves) and 7 ML(Medical Leaves) in a calender year.So it is the company who generally proportionate the whole leaves into months and get it avail to its employees. Away from using all the leaves,if leaves are not taken into use and remain intact,then an employee can encash the earned leaves maximum upto 30 days.Many employee friendly companies convert the ML and SL into earned leaves for the benefits of its employees and don't lapse beyond this statutory leaves 30 days during the employment of these employees. Employees can encash those leaves at the end of the calender year.
Thanks,
HR
Iris-Corp
HR Management - Human Resource Management Services Company India, HRO Solutions, Payroll,Leading Recruitment and Staffing agencies|Iris-Corp.com
From India, Gurgaon
The leave calculation is not static for companies. Actually leave policy is defined in leave policy under shops & establishment act which varies from state to state. Leave generally ascertained in a calender month from January to December. As per example in Haryana, leaves are defined as 15 EL(Earned Leaves), 7 SL(Sick Leaves) and 7 ML(Medical Leaves) in a calender year.So it is the company who generally proportionate the whole leaves into months and get it avail to its employees. Away from using all the leaves,if leaves are not taken into use and remain intact,then an employee can encash the earned leaves maximum upto 30 days.Many employee friendly companies convert the ML and SL into earned leaves for the benefits of its employees and don't lapse beyond this statutory leaves 30 days during the employment of these employees. Employees can encash those leaves at the end of the calender year.
Thanks,
HR
Iris-Corp
HR Management - Human Resource Management Services Company India, HRO Solutions, Payroll,Leading Recruitment and Staffing agencies|Iris-Corp.com
From India, Gurgaon
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x