SURAJ KANTHAMANGALA (HUMAN RESOURCES) 13 August 2010
HAI frnds,
can anybody suggest me about the payment of leave encashment on which salary during employee settlement ? whether it is on gross pm or basic & da. what law says? any supporting legal orders on this issue? because as i have verified few companies will pay on gross salary and few on basic @ da as mentioned in the company hr policy. but legaly which one is correct? to experts desk......
R.Ramachandran (Advocate) 13 August 2010
There is nothing legal or illegal about it. It depends upon the policy of each organization. For instance the Central Government has prescribed that Basic Pay + Dearness Allowance will be taken into account for the purpose of grant of leave encashment.
SURAJ KANTHAMANGALA (HUMAN RESOURCES) 13 August 2010
thnks a lot sir , valuable reply
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