Hi, Encashment of Earned leave is always calculated on gross salary of current Year.
From India, Ranchi
77From India, Ranchi
HAI sumitk.saxena, malay.kumar1 PLEASE ENCLOSE GO OR ANY RULE RELATED TO Encashment of Earned leave MUST calculated on gross salary
From India, Mumbai
From India, Mumbai
HAI sumitk.saxena, malay.kumar1 PLEASE ENCLOSE GOVT. ORDER OR ANY RULE RELATED TO Encashment of Earned leave MUST calculated on gross salary
From India, Mumbai
From India, Mumbai
Dear Sir,
As per bombay shops and establishment act, only 42 leaves can be accumulated and rest of the leaves can be forfitted by the company. But its totally depend upon the policy of the company..the formula for leave encashment is..
Basic + HRA
.................... x number of days to encash
30
Rgds,
Rahul
From India, Pune
As per bombay shops and establishment act, only 42 leaves can be accumulated and rest of the leaves can be forfitted by the company. But its totally depend upon the policy of the company..the formula for leave encashment is..
Basic + HRA
.................... x number of days to encash
30
Rgds,
Rahul
From India, Pune
Dear Prasad,
For the first query, you cannot make encashment of leave with the respective year salary.
You should make the payment as per the last drawn wages/ salary.
And let me know your organisation fall under Shops and establishments act or Factories act, so that I can accordingly suggest whether you need to make payment on Basic + DA or gross salary.
Regards
From India, Coimbatore
For the first query, you cannot make encashment of leave with the respective year salary.
You should make the payment as per the last drawn wages/ salary.
And let me know your organisation fall under Shops and establishments act or Factories act, so that I can accordingly suggest whether you need to make payment on Basic + DA or gross salary.
Regards
From India, Coimbatore
Dear All, Earned leaves encashment depends on the company’s policy only. Im supporting priyas statement. Company should decide whether they will give on basic salary or others. regards, narayan
From India, Hyderabad
From India, Hyderabad
Leave encashment should be on Gross for more Details See Section 79 and 80 of the Factory Act 1948.
From India, Mumbai
From India, Mumbai
Dear Deepak,
Tks for the information..
One thing people are not understanding, when they take leave they want to have their one day salary (from Gross) and when they encashing it they expected from Basic + DA. How the logic will match???
I am strongly supporting all others who have said Leave encashed from Gross sal
Tks
From India, Coimbatore
Tks for the information..
One thing people are not understanding, when they take leave they want to have their one day salary (from Gross) and when they encashing it they expected from Basic + DA. How the logic will match???
I am strongly supporting all others who have said Leave encashed from Gross sal
Tks
From India, Coimbatore
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg