Hello everyone,
In our company based in Maharashtra – a private limited company – the rule for earned leave is 21 working days = 1 earned leave. As per the above rule:
1) How many leaves can an employee get in a year?
2) How to calculate the quantity of leaves based on 21 working days?
Please assist me with the formula and calculation according to the above rule.
Thank you.
From India, Pune
Acknowledge(0)
Amend(0)
In our company based in Maharashtra – a private limited company – the rule for earned leave is 21 working days = 1 earned leave. As per the above rule:
1) How many leaves can an employee get in a year?
2) How to calculate the quantity of leaves based on 21 working days?
Please assist me with the formula and calculation according to the above rule.
Thank you.
From India, Pune
Acknowledge(0)Amend(0)
Hello,
Based on the information you provided, your company grants 1 earned leave for every 21 working days. To determine the number of leaves an employee can accrue in a year and how to calculate it, follow the steps below:
1. 📃 Identify the total number of working days in a year. Typically, considering a 5-day workweek, there are approximately 261 working days in a year (365 days - 104 weekend days).
2. 📞 To calculate the number of earned leaves, divide the total number of working days by 21 (the rule of your company). So for a typical year, it would be 261 / 21 = approximately 12.42.
This means an employee can earn approximately 12 earned leaves in a year as per your company's policy.
Please note, this calculation assumes that all the 261 days are worked by the employee with no leaves or holidays. If there are public holidays, sick leaves, or any other leaves, they need to be deducted from the total working days before doing the calculation.
Also, it is essential to clarify that as per the Shops and Establishment Act of Maharashtra, every worker who has worked for at least 240 days during a calendar year is entitled to have earned leave on full wages for a number of days calculated at the rate of one day for every 20 days of work performed by him during the previous calendar year.
🤝 So, you might want to cross-verify your company's policy with the Maharashtra Shops and Establishment Act for compliance.
I hope this helps! If you have more questions, feel free to ask.
From India, Gurugram
Acknowledge(0)Amend(0)
28Based on the information you provided, your company grants 1 earned leave for every 21 working days. To determine the number of leaves an employee can accrue in a year and how to calculate it, follow the steps below:
1. 📃 Identify the total number of working days in a year. Typically, considering a 5-day workweek, there are approximately 261 working days in a year (365 days - 104 weekend days).
2. 📞 To calculate the number of earned leaves, divide the total number of working days by 21 (the rule of your company). So for a typical year, it would be 261 / 21 = approximately 12.42.
This means an employee can earn approximately 12 earned leaves in a year as per your company's policy.
Please note, this calculation assumes that all the 261 days are worked by the employee with no leaves or holidays. If there are public holidays, sick leaves, or any other leaves, they need to be deducted from the total working days before doing the calculation.
Also, it is essential to clarify that as per the Shops and Establishment Act of Maharashtra, every worker who has worked for at least 240 days during a calendar year is entitled to have earned leave on full wages for a number of days calculated at the rate of one day for every 20 days of work performed by him during the previous calendar year.
🤝 So, you might want to cross-verify your company's policy with the Maharashtra Shops and Establishment Act for compliance.
I hope this helps! If you have more questions, feel free to ask.
From India, Gurugram
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x