CA Punit (CA) (1775 Points)
12 September 2009Hey friends,
The regulation 59 & 74 of rules regarding leaves read as under..
During the period of articled training an articled assistant shall earn leave at the rate of one-sixth of the period for which he has actually served excluding from such period, the period for which he has been on leave subject to a maximum of 180 days.
so how many days of leave are we entitled to in 3 yrs articleship...?
CA.kaya
(Chartered accountant)
(3990 Points)
Replied 12 September 2009
Illustrative cases of computation of leave for 3 years of aticleship training Case I Days A. Total number of days served (365×3) 1095 B. Less: Total leave taken (other than weekly holidays) 188 C. Actual Period served 907 D. Entitlement of leave (1/6th of the actual period served) (907/6) 151 EXCESS LEAVE: (B - D) 37 Case II A. Total number of days served (365 × 3) 1095 B. Less: Total leave taken (other than weekly holidays) 137 C. Actual Period served 958 D. Entitlement of leave (1/6th of the actual period served) (958/6) 160 EXCESS LEAVE: (B-D) NIL Case III A. Total number of days served 700 B. Less: Total leave taken (other than weekly holidays) 140 C. Actual Period served 560 D. Entitlement of leave (1/6th of the actual period served) (560/6) 93 EXCESS LEAVE: (B-D) 47 43 Illustrative cases of computation of leave for 3 ½ years of articleship training Case IV A. Total number of days served (365×3.5) 1277 Days B. Less: Total leave taken (other than weekly holidays) 200 C. Actual Period served 1077 D. Entitlement of leave (1/6th of the actual period served) (1077/6) 180 EXCESS LEAVE: (B - D) 20 Case V A. Total number of days served (365 × 3.5) 1277 B. Less: Total leave taken (other than weekly holidays) 170 C. Actual Period served 1107 D. Entitlement of leave (1/6th of the actual period served) (1107/6) 185 EXCESS LEAVE: (B-D) NIL
CA Punit
(CA)
(1775 Points)
Replied 14 September 2009
Is the leave entitled with pay or without pay......?
Prakarsh
(Article)
(22 Points)
Replied 23 March 2010
Hey can u please help me.. in calculation of the total leave taken, suppose i m leave on friday, saturday, sunday and monday.. the leave should be 2 days or 4days...
maitri
(Article)
(21 Points)
Replied 30 June 2010
Thanks kaya . . . but in the new course we have articleshhip of three and a half year so how do we calaculate our leave.. . how much are we elgible then???
Hitesh
(Article)
(27 Points)
Replied 01 July 2010
hi guys,
Can someone tell me whether for leave calculation do we also have to consider sundays and other weekly holidays during the exam leave???
MadhuSn
(Article assistant)
(21 Points)
Replied 19 August 2010
Can u please tell me from where u got this illustration. Is this notified from Institute. My pricipal is not allowing me to exclude holidays . Please tell me the source of this calculation.
CA Punit
(CA)
(1775 Points)
Replied 19 August 2010
weekly holidays during service period are to be excluded from leaves.....
(i.e. are considered as period served)
but the same during leave period are considered as leaves.
Mandar D. Rane
(CA Final & CS Executive Student)
(236 Points)
Replied 12 October 2010
Hey Kaya a little bit of Confusion
please help me
Suppose there are 3 cases (each one is separated by comma)
total Period (365*3) 1095, 1095, 1095
Leaves taken 0,50,105
Actual Period Served 1095, 1045, 990
Leaves Entitlement 182.5, 174, 165
Balance Leaves 182.5, 124, 60
Now in above cases if u notice actual available leaves are different in all three cases
in first case it is 182.5 (0+182.5) , 174 (50+124), 165 (105+60)
Why so ???
If u dont get my point take it in simple way the eligible leaves in a three yrs period of articleship period are 182 (1095/3) but if i take 182 days of leaves then according to ur calculation i m geting excess leaves of 30 days
1095 ( i.e. 365*3) - 182 = 913 ;
Entitled leaves 913* 1/6 = 152
So excess leaves are 182-152 = 30
Please clarify
CAclubindia
