Leave Encashment/Notice Period Days

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1

Hi Everyone,

I want to know should Leave Encashment/Notice Period Days be calculated on Salary Basic or Gross.

Does any compliance specify it?

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2

For Govt Employees - Leave encashment is calculated with the following formula. [(Basic Salary + Dearness Allowance) / 30] * No of EL. Same can be followed by Private sector too.

Notice period is based on your company policy. This can be either on Gross or Basic. Same has to be mentioned in the Termination Clause of Terms of Employment which Employee signs during joining.

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3

thank you for the information.

Unfortunately have not specified it, so what should be consider?

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4

Basic salary will do good

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5

Hi ,

Salary Basic

Suraj singh

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Thank you for your inputs @Surajsingh

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