How much amount can I get if the leave encashment formula is as follows:
Annual Fixed Compensation / 365 * Number of pro-rated EL days to be encashed?
My Annual Fixed Compensation is 11,13,000 per annum, and the number of earned leaves remaining is 5.
What is meant by pro-rated EL days? Is it the same as EL, i.e., 5 in my case?
From India, Bengaluru
Acknowledge(0)
Amend(0)
Annual Fixed Compensation / 365 * Number of pro-rated EL days to be encashed?
My Annual Fixed Compensation is 11,13,000 per annum, and the number of earned leaves remaining is 5.
What is meant by pro-rated EL days? Is it the same as EL, i.e., 5 in my case?
From India, Bengaluru
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.