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Leave Encahsment Calculation


Dear All
I have a clarification on Leave encashment. Wages which is to be considered either Basic+da, gross wages or Net salary(take home).Weather it is divided by 26 or 30 days monthly salary.
regards
raveesh
From India, Manipal
Dear Raveesh, Gross salary divided by26. Opinion submitted as requested. Regards, R.N.Khola Skylark Associates, Gurgaon(Haryana) (Labour Law & Legal Consultants) 09810405361
From India, Delhi
dear there is no law as such whether it should be gross or basic or basic+DA.if it is mentioned in company policy than we can work accordingly .it has to be divided by 26. regards j s malik
From India, Delhi
Hi, Please refer to punjab shoppers & commercial est. act 1958 for the same. I guess it should be Basic/22*No. of EL balance subject to max of 30 EL’s
From India, Delhi
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India, Manipal
25 June 2009 04.35.36 AM
Views: 1839 Replies: 3 Appreciations: 0
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