leave encashment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 May 2011 please solve in detail the following problem

date of retirement of X from a private job November15 2001

Basic salary from January 1,2007 to April 30 2007 10000 per month

Basic salary from may 1,2007 onwards 12000 per month

leave standing to the credit at the time of retirement ( according to service rules ) 660 days

rate of leave enitlement according to the service rule 60 days leave for each year of service

duration of service 16 years

amount of leave encashment given at the retirement ( leave encashment was not given earlier) (i.e. 12000*660/30) 264000