Leave encashment

Querist : Anonymous (Querist) 09 September 2010 This query is : Resolved
Dear Seniors,

In our company we provide 15 PL to employees on accumulated basis/ carry forward basis.

My question is how to calculate leave encasement amount at the time of final settlement of any employee if he have accumulated leaves 30 (for 3 calender year)

I mean should it calculated on last basic or based on the actual basic for every year.

Is there is any statuary obligation ?

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Raj Kumar Makkad (Expert) 09 September 2010
It should be calculated on last basic wages/salary.

Querist : Anonymous (Querist) 09 September 2010
Dear Sir,

Can you please provide any statuary document in this regards.

s.subramanian (Expert) 09 September 2010
I agree with Mr.Makkad.

Parthasarathi Loganathan (Expert) 09 September 2010
Latest Gross Salary excluding House Rent Allowances is the general criteria for computation of Leave Encashment Benefits

Ajay Bansal (Expert) 10 September 2010
depends upon rules of employer

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