Hi, Can anyone confirm how to calculate EL... whether 30 days to be considered or no. of working days??? Please clarify.:confused: Bhuvana
From India, Madras
4From India, Madras
Dear Bhuvana. Calculation is usually made as given below:-Days worked EARNED LEAVE01-05 Nil 06-11 0.512-17 1.018-23 1.524-26 2.027-30/31 2.5Member please correct if am wrong... with regardsMurali
21 El For 1yr MEANS 21/12=1.75MONTH.(ITS DIVIDED BY MONTHS ONLY )
FURTHER, IF RELIEVED EARLY OR JOINED INBETWEEN THEN TAKE DAY FRORM DATE OF JOING TO DEC.31ST.
And elS Payment On..Basic/30days*el
If Not Clear, U Can Mail Me At Bhadwaj.ch[at]gmail
From India, Ahmadabad
FURTHER, IF RELIEVED EARLY OR JOINED INBETWEEN THEN TAKE DAY FRORM DATE OF JOING TO DEC.31ST.
And elS Payment On..Basic/30days*el
If Not Clear, U Can Mail Me At Bhadwaj.ch[at]gmail
From India, Ahmadabad
Dear Bhuvana,
Els calculation will depend on organisation Leave policy, However for Els calculation formula as folows
Earn Leaves
For Staff (G00 to G06) - Actual Working Days /20
(Ex: 240/20=12 Days)
For Executive - Actual Working Days /12.50
(Ex: 240/12.50(15 Days max))
For Manager & Above - Actual Working Days /10
(Ex: 240/10=24 Days)
Actual / Physical working Days = (Year Days - (Paid holidays+leaves Taken+ weekly offs)
EL Eligibility = 240 physical working days per year.
for the new joinees we have to calculate proportionatly.
Eligibility for Earn Leaves is the Employee has to complete the 240 physical working days in the year and the maximum encashment of leaves for Staff 30 days and for Executive 90 days
Regards,
D N Pavan Kumar
HR - Executive
Hyd
9052002346,9014022203
From India, Hyderabad
Els calculation will depend on organisation Leave policy, However for Els calculation formula as folows
Earn Leaves
For Staff (G00 to G06) - Actual Working Days /20
(Ex: 240/20=12 Days)
For Executive - Actual Working Days /12.50
(Ex: 240/12.50(15 Days max))
For Manager & Above - Actual Working Days /10
(Ex: 240/10=24 Days)
Actual / Physical working Days = (Year Days - (Paid holidays+leaves Taken+ weekly offs)
EL Eligibility = 240 physical working days per year.
for the new joinees we have to calculate proportionatly.
Eligibility for Earn Leaves is the Employee has to complete the 240 physical working days in the year and the maximum encashment of leaves for Staff 30 days and for Executive 90 days
Regards,
D N Pavan Kumar
HR - Executive
Hyd
9052002346,9014022203
From India, Hyderabad
DEAR BHUVANA,
E L is granred under either the Factories Act,1948 or the State Shops & commercial Establishment Act. If both the Acts are not applicable then by the rules of your unit. In Factories Act it is to be divided by 26 as presribed under the Chapter of Leave with wages. Similarly you may go through the provisions of leaves under State Shop Act if the same is applicale in your case. In both the Acts provisions for eligibility & no. of leave to be given are mentioned therein. Plz do efforts you will find the answer to your post.
Regards,
R.N.Khola
Sr Associate
From India, Delhi
E L is granred under either the Factories Act,1948 or the State Shops & commercial Establishment Act. If both the Acts are not applicable then by the rules of your unit. In Factories Act it is to be divided by 26 as presribed under the Chapter of Leave with wages. Similarly you may go through the provisions of leaves under State Shop Act if the same is applicale in your case. In both the Acts provisions for eligibility & no. of leave to be given are mentioned therein. Plz do efforts you will find the answer to your post.
Regards,
R.N.Khola
Sr Associate
From India, Delhi
EL actually according to factory Act 1948 El calcualted 1 days of 20 days working days, without leaves mean that sundays and leaves
Its en cashed in Ending of Years
Its calculated
Basic slary/26 x No of Leave Earned
Thanks ,
Sukumar Sahoo
From India, Calcutta
Its en cashed in Ending of Years
Its calculated
Basic slary/26 x No of Leave Earned
Thanks ,
Sukumar Sahoo
From India, Calcutta
dear friend
El calcualted normally (completed every year 15 days in his leave account cealing up to 60 days but cealing company to company deferent policy.
EL's Cal.
BASIC+DA
-----------*15days * number of years
30 days
thanks
VASU
From India, Hyderabad
El calcualted normally (completed every year 15 days in his leave account cealing up to 60 days but cealing company to company deferent policy.
EL's Cal.
BASIC+DA
-----------*15days * number of years
30 days
thanks
VASU
From India, Hyderabad
can you please tell me about employee leave,and divide of all manager,Business Development Manager, HR-executive, Executive-Operations & Resources, Administration, Receptionist,Executives, office boys,
For all of these Designations,please give the list of
casual leaves,
Personal Leaves,
Sick leaves
All of these , per year how many leaves,
please give the information.
thank you
Jhansi
From India, Hyderabad
For all of these Designations,please give the list of
casual leaves,
Personal Leaves,
Sick leaves
All of these , per year how many leaves,
please give the information.
thank you
Jhansi
From India, Hyderabad
every oorganisation have different procedure regarding EL. as per factory act for elegibility the person should have 240days working days withina year excluding rest & holidays. if the employee join in the middle of year then his twothird attaindaince will be check during calculation. and in my organisation we r providing 15 days of EL to employees.1.25 days will be calculated for every 20 days working.how we calculate. example- suppose from jan to dec a person has working days 280 excluding restday & holiday then to find out there no of el in a year EL Due=IF(ROUND((totaldays i.e 280)/20,0)>15,15,ROUND((totaldays)/20,0)) from this formula we find how many el days will go to his account. then total El=(Eldue-EL availed)+holidays&nationalholiday. then 3rd step will be Total amount- (Salary*12/365)* total El. hope this information help u. for any help plz mail me.
RATIKANTA RATH
(HR MANAGER)
From India, Delhi
RATIKANTA RATH
(HR MANAGER)
From India, Delhi
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x