hi... Need advice... How is leave calculated ? Calender year ie Jan to Dec? or Financial year ie April to March ? Regards
From India, Mumbai
From India, Mumbai
Hi, It varies from Organization to Organization. But most of the time it is JAN to DEC And leave is not a part of CTC. Regards Nidhi
From India, Ahmadabad
2From India, Ahmadabad
Dear
Earned Leaves are accounted for FY, un-availed portion of which ELs carries forward to the New Financial Year and thereon till the employee leaves the Organisation either by resining or by retirement. If she/he joins new Organisation , the counter begins with "0". At the time of leaving the balance period of leaves are to reimbursed as per the FR. (Fin Regls).
All other leaves are accounted for Calender Year wise and the balance UN-availed leaves if any during the year would be fore fitted and will not be carried to next year as above.
Regards
Sarma - Mng(Adm)
From India, Hyderabad
Earned Leaves are accounted for FY, un-availed portion of which ELs carries forward to the New Financial Year and thereon till the employee leaves the Organisation either by resining or by retirement. If she/he joins new Organisation , the counter begins with "0". At the time of leaving the balance period of leaves are to reimbursed as per the FR. (Fin Regls).
All other leaves are accounted for Calender Year wise and the balance UN-availed leaves if any during the year would be fore fitted and will not be carried to next year as above.
Regards
Sarma - Mng(Adm)
From India, Hyderabad
It is advisable to calculate Privilege/Earned leave synchronizing with the Financial Year of the company (in your case from Jan to Dec) as it will facilitate the company for making provisions out of the current years profits on account of Privilege leave encashment payable to employees at the time of retirement.
In case the leave account is maintained from Apr to Mar and FY is from Jan to Dec, the leave account of each employee has to be adjusted for three months synchronizing with the FY of the company every year for calculations of the above provisions which will increase the workload at the time of Annual Closing.
TR CHHABRIA
Mob: 9818444595
From India, Gurgaon
In case the leave account is maintained from Apr to Mar and FY is from Jan to Dec, the leave account of each employee has to be adjusted for three months synchronizing with the FY of the company every year for calculations of the above provisions which will increase the workload at the time of Annual Closing.
TR CHHABRIA
Mob: 9818444595
From India, Gurgaon
Dear
Leave is for calendar year only.
Leave is calculated one day for every 20 days worked.It is earned leave/annual leave .This is applicable for workmen only subject to eligibility of 240 days worked in the previous year.if joined in the middle of the year , he should have worked 2/3of the available days after his joining.
But , for staff , it varies ,depending on company policy.
With Wishes
N Kannabiran
From India, Madras
Leave is for calendar year only.
Leave is calculated one day for every 20 days worked.It is earned leave/annual leave .This is applicable for workmen only subject to eligibility of 240 days worked in the previous year.if joined in the middle of the year , he should have worked 2/3of the available days after his joining.
But , for staff , it varies ,depending on company policy.
With Wishes
N Kannabiran
From India, Madras
Dear sir,
my question is that "If anybody is offer by company and added Leave reimbrusment amt for consolated leave ie...30days and amt for same is Rs.45000,is this amt part of ctc componant?Pl.advise me .
Regards
santosh hr
From India, Mumbai
my question is that "If anybody is offer by company and added Leave reimbrusment amt for consolated leave ie...30days and amt for same is Rs.45000,is this amt part of ctc componant?Pl.advise me .
Regards
santosh hr
From India, Mumbai
Dear All,
For maintaining leave account of individual employees, calendar year is the best. The biggest employer in our country is the Government of India and it has experience of more than a century. From 01/10/1976 onwards, the GOI has standardized earned leave accounts of all central government employees. From 01/01/1986, half pay leave accounts too have been standardized. If an employee is recruited on any date in mid-year, he is given benefit of earned leave @ 2.5 day earned leave for each completed calendar month till 30th June or 31st December and regular advance credit of leave on 1st July and 1st January every year. Similarly, proportionate credit of half pay leave is also given till 30the June and 31st December and advance on 1st July and 1st January.
This eases the burden of the HR in computing leave of the members of staff and the officers.
I suggest that the private setor may also follow the suit.
Shyam Agrawal
Casual leave if any balance at the end of the year, lapses and cannot be carried forward in normal cases.
From India, Pune
For maintaining leave account of individual employees, calendar year is the best. The biggest employer in our country is the Government of India and it has experience of more than a century. From 01/10/1976 onwards, the GOI has standardized earned leave accounts of all central government employees. From 01/01/1986, half pay leave accounts too have been standardized. If an employee is recruited on any date in mid-year, he is given benefit of earned leave @ 2.5 day earned leave for each completed calendar month till 30th June or 31st December and regular advance credit of leave on 1st July and 1st January every year. Similarly, proportionate credit of half pay leave is also given till 30the June and 31st December and advance on 1st July and 1st January.
This eases the burden of the HR in computing leave of the members of staff and the officers.
I suggest that the private setor may also follow the suit.
Shyam Agrawal
Casual leave if any balance at the end of the year, lapses and cannot be carried forward in normal cases.
From India, Pune
As per Factory act , it is calulated From Jan - Dec i.e. Calende year. Most of the Organizations applies this rule to the workers.
In case of Staff Members , normally it is calculated as per joining date of that employee.
Thanks
Prakash Salunkhe
From India, Pune
In case of Staff Members , normally it is calculated as per joining date of that employee.
Thanks
Prakash Salunkhe
From India, Pune
It will be from financial year only . As we maintain new accounts from April only . May be depend upon company policies also.
From India, Secunderabad
From India, Secunderabad
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Karnataka Leave.xlsx
LEAVE APPLICATION.doc