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Method for encashment of annual leaves, Corporate Laws / SEBI / LLP |
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Method for encashment of annual leaves |
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Dear expert, Please advise us the right method of encashment of accommulated leaves to be paid to an out going employee. On which salary leaves are to be paid. Please also quote if there is any case law regarding encashment of leaves. Regards, WADHWA
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Dear Mr.Wadhwa Leave encashment can be Calculated as under: BASIC SALARY + DA x 12(NUMBER OF MONTH OF IN THE YEAR) x NUMBER OF DAYS OF LEAVE TO BE ENCASH --------------------------------------------------------------------- 365( NUMBER OF DAYS OF THE YEAR) Page: 1 Old Query - New Comments are closed. |
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