hi friends,
plz some one reply me at the soonest possible
if one employee didn't take his leave encashment for 3years should it be calculate as per the last salary or it will divided to each year salary
thank you & best regards,
From Kuwait
plz some one reply me at the soonest possible
if one employee didn't take his leave encashment for 3years should it be calculate as per the last salary or it will divided to each year salary
thank you & best regards,
From Kuwait
Hi, First of all you should make the leave policy, which includes the entitlement and encashment procedures. actualy leave encashment is payable on present salary. from, Madhu
Dear Friend
You have to calculate the leave encashment for the present basic + DA
only
formula is
Basic + DA
------------- x No of days
26
Regards
alphonse :lol: :lol: :lol:
gt-electronicindia
From India, Madras
162You have to calculate the leave encashment for the present basic + DA
only
formula is
Basic + DA
------------- x No of days
26
Regards
alphonse :lol: :lol: :lol:
gt-electronicindia
From India, Madras
Hi
If it is for last threeyears encashment,I think it should not be on current one only current years should be on current one and the rest should be according to the concerned years salary details.
Suppose the salay was in 2005 Rs.15000/-PM(as per the calculation for leave encashment then should be on Rs.15000/-)
and if salary went up to Rs.20000/-PM in 2006 then should be calculated on Rs.20000/- likewise in 2007.
Hope as reqd.
thnx
tarun
other members to comment
From India, Lucknow
If it is for last threeyears encashment,I think it should not be on current one only current years should be on current one and the rest should be according to the concerned years salary details.
Suppose the salay was in 2005 Rs.15000/-PM(as per the calculation for leave encashment then should be on Rs.15000/-)
and if salary went up to Rs.20000/-PM in 2006 then should be calculated on Rs.20000/- likewise in 2007.
Hope as reqd.
thnx
tarun
other members to comment
From India, Lucknow
According to THE FACTORIES ACT [Act No. 63 of 1948] As amended by the Factories (Amendment) Act, 198779. Annual leave with wages
(5) If a worker does not in any one calendar year take the whole of the leave allowed to him under sub-section (1) or sub-section (2),as the case may be, any leave not taken by him shall be added to the leave to be allowed to him in the succeeding calendar year :
Provided that the total number of days of leave that may be carried forward to a succeeding year shall not exceed thirty in the case of an adult or forty in the case of a child :
80. Wages during leave period
(1) For the leave allowed to him under 29[section 78 or section 79, as the case may be], a worker 31[shall be entitled to wages] at a rate equal to daily average of his total full time earnings for the day on which 30[he actually worked] during the months immediately preceding his leave, exclusive of any overtime and bonus but inclusive of dearness allowance and the cash equivalent of advantage accruing through the concessional sale to the worker of foodgrains and other articles.
32[Provided that in the case of a worker who has not worked on any day during the calendar month immediately preceding his leave, he shall be paid at a rate equal to the daily average of his total full time earnings for the days on which he actually worked during the last calendar months preceding his leave, in which he actually worked, exclusive of any overtime and bonus but inclusive of dearness allowance and the cash equivalent of the advantage accruing through the concessional sale to the workers of foodgrains and other articles.]
You may refer to clause 79(5) with 80(1) that will explain 30 EL can be carried forward succeeding calendar year. (You may notice that number of succeeding calendar year in which leave can be carried forward and accumulation of total EL is not mentioned here). The encashment rate would be at the rate equal to daily average of his total full time earnings for the day on which 30[he actually worked] during the months immediately preceding his leave, exclusive of any overtime and bonus but inclusive of dearness allowance and the cash equivalent of advantage accruing through the concessional sale to the worker of foodgrains and other articles.(Means enchased at current rate)
From India, New Delhi
(5) If a worker does not in any one calendar year take the whole of the leave allowed to him under sub-section (1) or sub-section (2),as the case may be, any leave not taken by him shall be added to the leave to be allowed to him in the succeeding calendar year :
Provided that the total number of days of leave that may be carried forward to a succeeding year shall not exceed thirty in the case of an adult or forty in the case of a child :
80. Wages during leave period
(1) For the leave allowed to him under 29[section 78 or section 79, as the case may be], a worker 31[shall be entitled to wages] at a rate equal to daily average of his total full time earnings for the day on which 30[he actually worked] during the months immediately preceding his leave, exclusive of any overtime and bonus but inclusive of dearness allowance and the cash equivalent of advantage accruing through the concessional sale to the worker of foodgrains and other articles.
32[Provided that in the case of a worker who has not worked on any day during the calendar month immediately preceding his leave, he shall be paid at a rate equal to the daily average of his total full time earnings for the days on which he actually worked during the last calendar months preceding his leave, in which he actually worked, exclusive of any overtime and bonus but inclusive of dearness allowance and the cash equivalent of the advantage accruing through the concessional sale to the workers of foodgrains and other articles.]
You may refer to clause 79(5) with 80(1) that will explain 30 EL can be carried forward succeeding calendar year. (You may notice that number of succeeding calendar year in which leave can be carried forward and accumulation of total EL is not mentioned here). The encashment rate would be at the rate equal to daily average of his total full time earnings for the day on which 30[he actually worked] during the months immediately preceding his leave, exclusive of any overtime and bonus but inclusive of dearness allowance and the cash equivalent of advantage accruing through the concessional sale to the worker of foodgrains and other articles.(Means enchased at current rate)
From India, New Delhi
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