if total present days is 298 and as per rule devided by 20
=298/20=14.9
then what to consider 14 or 15 earned leave.
=292/20-14.6 it should be 14.5 or 14
Please suggest me proper way to calculate earned leave if it comes in proportion.
From India, Kolkata
=298/20=14.9
then what to consider 14 or 15 earned leave.
=292/20-14.6 it should be 14.5 or 14
Please suggest me proper way to calculate earned leave if it comes in proportion.
From India, Kolkata
I'm giving you the suggession based on my company procedure.
1. 14.9 days will be considered as 14.5
2. 14.6 days will be considered as 14.5
3. 14.4 days will be considered as 14
4. 15.1 days will be considered as 15
From India, Chennai
1001. 14.9 days will be considered as 14.5
2. 14.6 days will be considered as 14.5
3. 14.4 days will be considered as 14
4. 15.1 days will be considered as 15
From India, Chennai
As per section 79 sub secton 4of the Factories Act any fraction of half day shall be calculated as one full day and any fraction less than half a day shall be ignored
From India, Bangalore
From India, Bangalore
Mr Sarvanan, Your calculation procedure is contrary to the provisions and it is better to take corrective measures as rightly advised by PRATEEKSHAA above. P K Sharma
From India, Delhi
From India, Delhi
It is not the present days of an employee its period of work which means the weekly off and or any holiday has to be counted. Further as advised by seniors above any fraction of half day and above are treated as full day, and any fraction below half day has to be nullified.
From India, Ahmadabad
From India, Ahmadabad
As per the suggessions I can do the changes.
But, my company is not governed under "Factories Act".
"Shops & Establishment Act" doesn't say about the fractions. Let me know the exact act, so that I can make the necessary changes.
From India, Chennai
But, my company is not governed under "Factories Act".
"Shops & Establishment Act" doesn't say about the fractions. Let me know the exact act, so that I can make the necessary changes.
From India, Chennai
Every fraction of 0.5 and above has to be rounded off to the next higher digit. Fraction up to 0.4 can be ignored in counting.
From India, Delhi
From India, Delhi
The Shops and Establishment Act may be silent about the fraction but the days can be calculated to the nearest rounding off which is globally acceptable practice. Factories Act can be used as case study
From India, Ahmadabad
From India, Ahmadabad
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x