Dear All,
Can anyone share the policy used in corporates to encash previlege leave. In our company we calculate the basics as 70% of gross and hence we have huge basics unlike 6500/- as the maximum slab. Now we would like to encash previlege leaves for our employees. Can some one share what are all the formulas used in corporates to calculate the previlege so that we opt one among them which is feasible for our company. Also please suggest the economical way of calculating the previlege leave with formula. Your timely suggesions will be of great help.
Thanks,
Vidhya
From India, Mumbai
1Can anyone share the policy used in corporates to encash previlege leave. In our company we calculate the basics as 70% of gross and hence we have huge basics unlike 6500/- as the maximum slab. Now we would like to encash previlege leaves for our employees. Can some one share what are all the formulas used in corporates to calculate the previlege so that we opt one among them which is feasible for our company. Also please suggest the economical way of calculating the previlege leave with formula. Your timely suggesions will be of great help.
Thanks,
Vidhya
From India, Mumbai
In many companies, the encashing of PL is on basic. It depends on the policies of your company. Pon
From India, Lucknow
From India, Lucknow
Dear Friends In some companies they will take gross salary for PL encashment, and also calculate for 26 days.It depends upon the company policy. regards alphonse
From India, Madras
From India, Madras
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x