Dear Agniputhran,
I am not in agreement with your statement, "If there is any adjustment with the earned leave accumulated by the employee for the notice period, then it has to be taken as Basic + DA only." It purely depends on the encashment policy of the company, which would have been circulated at the employee's joining the company or mutually agreed upon thereafter. There is no rule that states the EL/PL needs to be encashed only on Basic + DA. Few companies encash on Gross pay as well.
From India, Ahmadabad
Acknowledge(0)
Amend(0)
787I am not in agreement with your statement, "If there is any adjustment with the earned leave accumulated by the employee for the notice period, then it has to be taken as Basic + DA only." It purely depends on the encashment policy of the company, which would have been circulated at the employee's joining the company or mutually agreed upon thereafter. There is no rule that states the EL/PL needs to be encashed only on Basic + DA. Few companies encash on Gross pay as well.
From India, Ahmadabad
Acknowledge(0)Amend(0)
Dear friends we need job in Bangalore , Deportment : operations Designation : assistant manager operations , Housekeeping deportment day to day operations
From India, Bengaluru
Acknowledge(0)Amend(0)
From India, Bengaluru
Acknowledge(0)Amend(0)
It seems there is confusion in the question about whether during the notice period, the reduced salary is calculated only on Basic to be paid or not. Like all other periods, the salaries are to be calculated on Basic, DA, HRA, Con. Allowance & Spl. Allowance, which is called Gross Salary or net salary excluding PF, ESI, and other allowances.
Similarly, PL encashment is to be calculated on Gross salary and not on Basic alone. If an employee has 30 days of accumulated PL for encashment, he has to be paid one month Gross Salary as if he has worked during the month and earned the salary for one month. Paying only on Basic will deny his full entitlement. There has already been a discussion on the subject, and I hope senior members may correct if there are any changes.
Email: c.neyimkhan@gmail.com
Date: 29.4.17
From India, Bangalore
Acknowledge(0)Amend(0)
Similarly, PL encashment is to be calculated on Gross salary and not on Basic alone. If an employee has 30 days of accumulated PL for encashment, he has to be paid one month Gross Salary as if he has worked during the month and earned the salary for one month. Paying only on Basic will deny his full entitlement. There has already been a discussion on the subject, and I hope senior members may correct if there are any changes.
Email: c.neyimkhan@gmail.com
Date: 29.4.17
From India, Bangalore
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Brief Rules & Regulations Reg. Passports.pdf
Rules & Regulations.doc