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MayankMantri
Thank you so much Sir!
I saw calculation in another post or portal as divided by 26 as well. I have confusion just because I will not be able to take leave on weekly holidays and shouldn't it be divided by working days of the month?

From India, Ahmedabad
karunakaran24
58

As per Statutory Act it will be deducted from BASIC SALARY only....
From India, Bangalore
karunakaran24
58

Dear Friend, ITS ON STATUTORY GROUNDS " ITS SHOULD BE PAID ON BASIC SALARY". My clients are paying on the Basic Salary only.. As per the Act / Policy..
From India, Bangalore
loginmiraclelogistics
1073

Of course, I haven't come across any regulation to stipulate the Leave encashment process. There were discussions in this link on the subject-
https://www.citehr.com/17052-pf-esi-...-download.html
To some extent the attached AP HC judgment provide some guidelines tagging the IT act provisions in respect of leave encashment which I hope throw some light in the matter.

From India, Bangalore
Attached Files (Download Requires Membership)
File Type: docx Leave Encashment-Andhra High CourtJudgment.docx (46.7 KB, 212 views)

Chandrashekhar Patle
Dear sir, Can we consider leave encasement in salary structure as part of CTC. Can explain me please.
From India, Bengaluru
KK!HR
1534

Leave encashment is not shown in CTC but you can show the leave salary based on the leave entitlement of the employee. For instance if the employee gets 22 days leave, the salary of 22 days can be shown in CTC as Leave Salary
From India, Mumbai
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