Hai Anyone have basic exle formate to calculation for the same? Please share with us. Nirav.Parikh
From India, Vadodara
From India, Vadodara
To all Members,
With a humble request, please reply only if you know that it is correct. Don't input lines that you think are correct. Please refer to labor law first, then comment. Please take care, as one mistaken line can cause hundreds of errors, obligations, or cases! Ask freely what you want to ask; it may be only a basic question, but comment only when you know it is correct.
Manish Gupta
From India, Mumbai
5With a humble request, please reply only if you know that it is correct. Don't input lines that you think are correct. Please refer to labor law first, then comment. Please take care, as one mistaken line can cause hundreds of errors, obligations, or cases! Ask freely what you want to ask; it may be only a basic question, but comment only when you know it is correct.
Manish Gupta
From India, Mumbai
Monthly Encahable Salary to be divided by 30 days to arrive at Leave Encashment payable per day. Division by 26 is correct only if rate of salary is per day. Thanks & Regards
From India, Pune
From India, Pune
Dear All, Earned leaves are calculated like this. Gross Salary/Total EL Alloted * EL Left Over for the calender year. Regs, Sanjay
From India, Hyderabad
From India, Hyderabad
Formula given by Mr. Sanjay is completely wrong. Take an example, and one will come to know what he is trying to find out - earned leaves? EL Encashment? God knows. I appeal to citehr members to post responsibly. Please post only if you are confident about the completeness and correctness of the information. Thanks & Regards
From India, Pune
From India, Pune
Dear Amit,
If you deem fit, please let us know which law (Act & section) states that we are to consider basic salary for the calculation of the amount for encashment of earned leaves.
With Regards,
R.N. Khola
Quote from amitmahaan;1096435:
Bottom line is:
Basic Salary / 26 * Number of Earned Leave Balance.
But you can take Gross Salary instead of Basic if your company policy allows that.
Thanks,
Amit Jain
9873436660
From India, Delhi
If you deem fit, please let us know which law (Act & section) states that we are to consider basic salary for the calculation of the amount for encashment of earned leaves.
With Regards,
R.N. Khola
Quote from amitmahaan;1096435:
Bottom line is:
Basic Salary / 26 * Number of Earned Leave Balance.
But you can take Gross Salary instead of Basic if your company policy allows that.
Thanks,
Amit Jain
9873436660
From India, Delhi
Earned will be calculated on the basis of Basic+DA/30*No of days earned=EL payable Nagaraj.N.K 9448886290
Dear Friends When we calculate leave encashment how is the PF amount which has been contributed by the company to be adjusted. Gita
From India, Bangalore
From India, Bangalore
Hi Deepthi,
Earned leaves are normally calculated with the last earned basic + DA (if the company provides) + any commission provided by the company upon a fixed percentage of turnover. Divide this by 30 to get one day EL encashment. You may refer to this site IndiaTaxes.com for more information.
<link updated to site home> (Search On Cite | Search On Google)
Regards,
Kannan R
From India, Bangalore
Earned leaves are normally calculated with the last earned basic + DA (if the company provides) + any commission provided by the company upon a fixed percentage of turnover. Divide this by 30 to get one day EL encashment. You may refer to this site IndiaTaxes.com for more information.
<link updated to site home> (Search On Cite | Search On Google)
Regards,
Kannan R
From India, Bangalore
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