Hi All, Can anybody enhance my knowledge? I just want to know that deduction for the unpaid leave is done on what: 1. Basic Salary 2. Basic + DA 3. Gross Salary Regards' Punita
From India, Pune
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From India, Pune
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Dear Punita, The unpaid leave is deducted from gross salary only. I hope, your doubt is clear now. Cheerrrrr Soma :D
From India, Mumbai
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4From India, Mumbai
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Thanks Soma for clearing my doubt. One more thing I would like to know is about calculation of the PL encashment. That will on Basic or gross or.... :lol:
From India, Pune
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From India, Pune
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Dear Punitha,
To my knowledge, the calculation for unpaid leave (EL Encashment) is as follows:
Basic + D.A * No. of unpaid leave / 30 Days
For example, if an employee's basic salary is Rs. 3000/- and D.A. is Rs. 2000, and the unpaid leave is 20 days, the calculation is as mentioned below:
Rs. 3000 + Rs. 2000 * 20 days of leave / 30 days = Rs. 3333.33/-
The encashment amount is Rs. 3333.33/-.
The leave encashment amount is subject to P.F. deduction as per the recent notification.
Regards,
S. Achuthananda
From India, Pune
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To my knowledge, the calculation for unpaid leave (EL Encashment) is as follows:
Basic + D.A * No. of unpaid leave / 30 Days
For example, if an employee's basic salary is Rs. 3000/- and D.A. is Rs. 2000, and the unpaid leave is 20 days, the calculation is as mentioned below:
Rs. 3000 + Rs. 2000 * 20 days of leave / 30 days = Rs. 3333.33/-
The encashment amount is Rs. 3333.33/-.
The leave encashment amount is subject to P.F. deduction as per the recent notification.
Regards,
S. Achuthananda
From India, Pune
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Leave Encashment & Salary Calculation.xls x
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf