Payment of leave with wages
deepak
(Querist) 14 October 2014
This query is : Resolved
1. kindly clear payment of leave with wages on gross salary or basic salary
2.how much no of minimum ( yearly)working days should be their to get full bonus
3. formula for calculation of bonus
deepak
(Querist) 16 October 2014
WE PAID LEAVE WITH WAGES TO OUR EMPLOYEES EVERY YEAR (15 DAYS MEANS HALF SALARY) I WANT TO KNOW LEAVE WITH WAGES PAID ON GROSS SALARY OR BASIC SALARY FOR EXAMPLE IF A EMPLOYEE SALARY IS GROSS SALARY 25000 (BASIC +HRA + CONVEYANCE) BUT BASIC SALARY IS 15000.00 SO HOW WE WILL PAID LEAVE WITH WAGES ON GROSS SALARY ON BASIC SALARY
Sudhir Kumar, Advocate
(Expert) 16 October 2014
In case you are simply allowing encashment of 15 days each year then encashment need not be for more than basic+DA.