M (Student) (83 Points)
21 August 2009I have taken a leave of 160 days.I am doing Articleship of 3 years.What is the excess leave i will have to work for?
Some say I can avail 156 days leave.However some say I can avail only 134 days leave {i.e.[(365+366+365 )-160] /7 = 134 }
Will it be just 4 days i.e. (160-156)or will it be 22 days i.e. (156-134)?
Please tell me.Its very urgent.
Mr.M u can avail a leave to the extent of one sixth of ur total period served.Suppose in ur case the total period of articles is 1095 i.e. 365*3.the leave calculation is as follows (1095-160)/6 i.e u can avail a leave of 156 days to avoid no extension..In ur case, u have taken an excess leave of 4 days.u can set it off with excess hours worked if any
CA Rashmi
(final cleared)
(680 Points)
Replied 21 August 2009
u can take 1/6th of the period served as leave
pls refer d following file
CA Rashmi
(final cleared)
(680 Points)
Replied 22 August 2009
refer to page 18
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 22 August 2009
|
A
|
Total number of days served (365×3)
|
1095
|
|
B
|
Less: Total leave taken (other than weekly holidays)
|
160
|
|
C
|
Actual Period served
|
935
|
|
D
|
Entitlement of leave (1/6th of the actual period served)
|
156
|
|
E
|
EXCESS LEAVE: (B – D)
|
4 DAYS
|
om
(article)
(26 Points)
Replied 22 August 2009
Mr. manmohan can u please clarify and tell whether exam leave of 2 months is considered as working or not........???????
Coz as far as I know their is no such provision in the training guide.....
CAclubindia
