svschowdary (n/a) 16 October 2007

Enchashment of EL

HI,

I would like to know how the calculation for the enchashment of Pl/EL is done.

Regards,

Deepa Mishra

4 Replies

Shambasiv (n/a) 16 October 2007

The normal practice to encash the Leaves is as under.

Basic / 26 * No. of Days.

Hope this would suffice your requirement.

regards,

Alok Kumar

svschowdary (n/a) 17 October 2007

Thank you Alok.

L.C.PAL (n/a) 17 October 2007

Rule for calculation of Leave Encashment (EL) is below :-

(Basic + D.A.) divide by 26 no. of days then multiply by balance PL/EL = sum is leave encashment amount.

Regards

L.C. Pal

Smith Wonka 02 July 2016

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Enchashment of EL

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