Hi all, Need more clarity on if the leave encashment should be done on basic salary of gross salary..:confused:,is there anywhere one can refer this???
From India, Bangalore
1From India, Bangalore
dear
i told you law is not clear on this ,you can make your internal policy and some companies pay leave encashment on full salary also.
but as you asked justification if someone goes on leave we give him on full salary where as if he takes encashment we give them on basic.
why company should pay allowances,HRA is already paid to him than why he is required to pay again in encashment.but employer take benefit of act
as it is not clear.
tks
j s malik
From India, Delhi
i told you law is not clear on this ,you can make your internal policy and some companies pay leave encashment on full salary also.
but as you asked justification if someone goes on leave we give him on full salary where as if he takes encashment we give them on basic.
why company should pay allowances,HRA is already paid to him than why he is required to pay again in encashment.but employer take benefit of act
as it is not clear.
tks
j s malik
From India, Delhi
Hi Dear
I do agree with Mr. Malik completely as there is no rule & law for leaves it is internal company policy like in my previous compny it used 2 b calculated on basic & here in my prsent company it is calculated on ctc so again it depends.
Hope its clear to u
Anu
From India, Delhi
I do agree with Mr. Malik completely as there is no rule & law for leaves it is internal company policy like in my previous compny it used 2 b calculated on basic & here in my prsent company it is calculated on ctc so again it depends.
Hope its clear to u
Anu
From India, Delhi
Hi Dear malik sir,
here i atteched a challana copy prepearing excel sheet. is it correct or not please replay me, and in a year have how many leave we calculate, actualy i have no knowledge of the leave information.
your
jogindra
From India, Mumbai
here i atteched a challana copy prepearing excel sheet. is it correct or not please replay me, and in a year have how many leave we calculate, actualy i have no knowledge of the leave information.
your
jogindra
From India, Mumbai
We can have better clarity if we refer Bombay Shops Shops and establishment act 1948 in Chapter VII Leave with Pay and Payment of Wages - sec 35(2) Leave and sec 36 Pay during leave.
Thanks & Regards,
Asitosh Sharrma
From India, Pune
Thanks & Regards,
Asitosh Sharrma
From India, Pune
Hi all, isn’t there a recent Supreme court ruling that the Leave encashed on resignation is to be paid in full and not on basic salary?? Any one has idea on this???
From India, Mumbai
From India, Mumbai
Dear All, In our establishment, We are following Leave Calculations based on Basic Salary. The Calculation is derived as on below, = Basic/30*No. of Days. Thanks Jana
From India, Jhajjar
From India, Jhajjar
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
EPFO Circular Leave Encashment.jpg