Leave Encashment

SARAVANAN.R (Querist) 01 July 2011 This query is : Resolved
Sir,

I am clarifying the earlier query

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 ( Date of Joining Service 01.06.2006). The years of service is 5 years as on 01.06.2011.

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?.

Hope I will be getting clarification soon.
Saravanan

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