E L Claculation

salary components City-India-Delhi pf contribution el calculation employee leaves notice pay pf calculation salary break up pf deduction company salary el encashment Country-India

meetca

Dear Frnds, can any help me how to calculate EL amount (EL Standing to the credit) Thanks in advance,
26th August 2009 From India, Bangalore

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jai bakshi

Dear Meetca, EL or PL to calculated on last basic + DA earnd by the employee the calculation is as under: Last Basic + DA/26*No of Balance leave.
26th August 2009 From India, Delhi

meetca

Dear Sir, Thanks for the reply, but if DA is not considered for PF calculation,can we consider it for EL calculation or only Basic we have to consider. Thanks & Regards,
27th August 2009 From India, Bangalore

meetca

Dear Ponaraj, Thanks for the reply, but if DA is not considered for PF calculation,can we consider it for EL calculation or only Basic we have to consider. Thanks,
27th August 2009 From India, Bangalore

pon1965

604

Why you are in confusion? For PF & EL encashment, both the components i.e. BASIC + DA should be considered.
27th August 2009 From India, Lucknow

meetca

Sir
I understand that DA also forming part of PF, if a company salary break up is only Basic+DA and Basic is considering for PF deduction. Now based on the above i have to calculate by considering Basic only is it right?.
Thanks,
27th August 2009 From India, Bangalore

sreedq

Based on the above discussion i understood that u r company, for PF calculation only Basic is taking into consideration it seems.....if it is so that calculation is worng where Basic+DA both has to consider for calucating PF contribution.
27th August 2009 From India, Madras

meetca

I agree with you, but EL calculation based on this we have to consider only basic correct.
27th August 2009 From India, Bangalore

sreedq

so u r agreeing that PF calcuation is worng. And for EL calculation u want to continue the same mistake agin by taking only basic?? whether it is EL or PF, both Basic+DA need to consider.
27th August 2009 From India, Madras

RAMESHANPT

We have a practice of keeping the salary components as follows for staff and executives. Basic 40%, DA 20%, HRA 20%, Conveyance 20% Whether this structure is any way violating a rule? Pleace clarify
27th August 2009 From India, Tiruppur

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