Hai, I need to Brief Caliculations of Earned Leaves, And tell me the rules And procedure of the encashment of earned Leaves. please give me reply.
From India, Hyderabad
From India, Hyderabad
1A/C NO 1
P.F 1+ P.F 2
PF 1 = EMPLOYEE’S SHARE OF CON. 12%
PF 2 = EMPLOYEER’S SHARE OF CON 3.67
AND SURPLUS ON A/C NO 10
A/C NO 2
ADMN. CHARGES 1.10 % OF TOTAL EARNED BASIC
A/C NO 10
PENSION 8.33% OF EARN BASIC OUT OF EMPLOYEER’S SHARE OR 541/- WHICH IS MORE * REMANING AMOUNT TRANSFERS TO PF 2
A/C NO 21
0.5% ON EDLI BASIC
A/C NO 22
ADMN. CHARGES. 0.01% ON EDLI BASIC
EDLI
< 60500 = Rs 6500/-
From India, Pune
Dear Keerthi,
First of all, tell me what you require - P.F Calculation or Earned Leaves Calculation.
If you require P.F calculation, please refer to the email above from Mr. Atul Ghumatkar. I hope the data provided above is helpful for you.
If you need Earned Leave Calculation, then follow the steps below:
Step 1: Count the number of actual working days of the worker within a year (Jan to Dec). For example, Actual Working Days = 240.
Step 2: Sum the same and divide by 20. (EL = 240/20, EL = 12)
Step 3: After that, apply the formula i.e. Current Salary / 26 * EL. (Leave encashment = 8000 / 26 * 12 = 3692.30 Rupees)
If you have any confusion, please feel free to contact me.
Thanks & Best Regards
From India, Delhi
First of all, tell me what you require - P.F Calculation or Earned Leaves Calculation.
If you require P.F calculation, please refer to the email above from Mr. Atul Ghumatkar. I hope the data provided above is helpful for you.
If you need Earned Leave Calculation, then follow the steps below:
Step 1: Count the number of actual working days of the worker within a year (Jan to Dec). For example, Actual Working Days = 240.
Step 2: Sum the same and divide by 20. (EL = 240/20, EL = 12)
Step 3: After that, apply the formula i.e. Current Salary / 26 * EL. (Leave encashment = 8000 / 26 * 12 = 3692.30 Rupees)
If you have any confusion, please feel free to contact me.
Thanks & Best Regards
From India, Delhi
Hi Atul,
Could you please tell me how to calculate the salary slip? As soon as possible.
Can you please tell me where I can find formulas for calculating payroll?
Regards,
Pranathi
(pranathimc@gmail.com)
From India, Bangalore
Could you please tell me how to calculate the salary slip? As soon as possible.
Can you please tell me where I can find formulas for calculating payroll?
Regards,
Pranathi
(pranathimc@gmail.com)
From India, Bangalore
Mr. Amit Sharma Sorry, But from where you get this formula kindly let us know. It specicifed under any act. If yes tell us. Regards, Vishal Malik
From India, Delhi
From India, Delhi
Hi,
Could someone please tell me whether this formula is correct? I received this formula from someone working as a manager in a manufacturing company, as I am getting confused by the numerous formulas I have seen.
The formula is: (Basic + DA) / 30 * 15 * Total number of earned leaves available.
Thanks & Regards,
Bhargavi H K
From United Kingdom
Could someone please tell me whether this formula is correct? I received this formula from someone working as a manager in a manufacturing company, as I am getting confused by the numerous formulas I have seen.
The formula is: (Basic + DA) / 30 * 15 * Total number of earned leaves available.
Thanks & Regards,
Bhargavi H K
From United Kingdom
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