Leave Encashment

SARAVANAN.R (Querist) 30 June 2011 This query is : Resolved
Dear Sir,

Thanks for the prompt reply to my earlier queries. I will be thankful, if the following query is resolved.

Suppose if Basic pay is 4800/- per month and HRA is Rs 2200/- per month and conveyance is 500/- per month and the rule of leave encashment in which the employee is working is such that an employee can encash up to 20 days leave in a previous year, then what will be the amount an employee gets on resignation, say after service notice period of one month, the leave available to his credit is 56 days.as on 31.12.2010.

If the employee resigns in July or August 2011, is it possible to add the Earned Leave available during the year (30 days) with the 56 days already available to the credit. If so, leave encashment is for 86 days (56 + 30). Am I correct?.

Saravanan

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