Leave Encashment [Thread 250160]

Could any help me out, what is the formula to calculate the encashment of leave

It's EL only....which we can encash:-
EL Encashment cal. = Basic+DA/26*No. of EL to be Encash.......

Hi.
Earned leave is calculated on gross salary.But some company usually calculate on basic salary.The formula is as follows
Basic+DA/30*15*No of earned leave avail.
Regards
Bhargavi

Dear All,
I wanted to know wheither is there any law or Rule regarding compulsary leave encashment.
As at present i am working in service sector which is register under MSMED act 2006, as per our company rule there is no leave encashment
so, i wanted to know that wheither is there any rule for this same
thanks & regards
nandan

Dear all,
i want to know that why we are paying pl & sl to employess.as our oraganisation provide employee on contract basis so is it compulsary to add to their cost leave encashment.how 5.83% arrive on basic+da.
Clarification for leave compensation to employee
regards
ashlesha