Thank you so much Sir!
I saw calculation in another post or portal as divided by 26 as well. I have confusion just because I will not be able to take leave on weekly holidays and shouldn't it be divided by working days of the month?
From India, Ahmedabad
I saw calculation in another post or portal as divided by 26 as well. I have confusion just because I will not be able to take leave on weekly holidays and shouldn't it be divided by working days of the month?
From India, Ahmedabad
58
Dear Friend, ITS ON STATUTORY GROUNDS " ITS SHOULD BE PAID ON BASIC SALARY". My clients are paying on the Basic Salary only.. As per the Act / Policy..
From India, Bangalore
From India, Bangalore
Of course, I haven't come across any regulation to stipulate the Leave encashment process. There were discussions in this link on the subject-
https://www.citehr.com/17052-pf-esi-...-download.html
To some extent the attached AP HC judgment provide some guidelines tagging the IT act provisions in respect of leave encashment which I hope throw some light in the matter.
From India, Bangalore
https://www.citehr.com/17052-pf-esi-...-download.html
To some extent the attached AP HC judgment provide some guidelines tagging the IT act provisions in respect of leave encashment which I hope throw some light in the matter.
From India, Bangalore
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SC -PF judgment on No PF on Leave encashment.doc
EPFO Circular Leave Encashment.jpg
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf