How Leave Salary is Calculated where the Provision for a Leave during the year in a Company is for a 21 Days. For eg.: A person Basic Salary is Rs.8000/- p.m. from April to Nov. 11 and during the period taken the leave for a 5 Days where the Salary has been decuted for the same. How leave Salary is Calculated on above case. (Note A person is given a resignation for the same and No salary is paid for the Month of Dec.11) Pls. reply.
6 Replies
Murthy B.C
(Excise Officer)
(141 Points)
Replied 30 December 2011
Hello
You Can calculate on last salary taken /30 day X No of day Leaves available
VENUGOPALAKRISHNAN P K
(ACCOUNTS OFFICER)
(33 Points)
Replied 30 December 2011
Dear Mr Bhavesh
If you mean payment of leave salary it will be paid on (BASIC + DA )/30 * No of Days leave available.
But Leave without pay is equal to absent and hence the full salary is deducted on prorata basis(i.e Gross salary for the month).
Regards
VENUGOPAL
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(4830 Points)
Replied 31 December 2011
Yes both answeers of Mr.Murthy and Mr.Venugopalan are correct
YASVANT
(FINANCE DEPT.)
(40 Points)
Replied 08 October 2012
Dear Sir,
my office marketing executive salary for Rs. 15000/- p.m. plus petrol conveyance Rs. 4000/- p.m pls give me the 1day lass of pay salary details
Ritik Chopra
(student)
(8128 Points)
Replied 01 April 2021
petrol conveyance will not be taken into account while calculating leave salary. It is allocated on the basis of Basic salary + DA
Divya jain
(31 Points)
Replied 19 January 2023
We provide the best Financial Accounting Calculator Online to calculate loan rate, GST, TDS and more super easy. choose from list of Accounting Calculator.
Recent Topics
- Gratuity under CTC
- GST refund paid as estimated tax liability
- Salary Income and Professional services income
- Sec 54 and TDS on sale of property
- Airbnb Manager - I manage properties for owners
- Wrong head ed for late fee
- Inter Company trnafer
- Job work-Reg
- Who is liable to pay GST if bank charges excl GST
- Cost of Acquisition IPO cases
Related Threads
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
