leave encashment calculation???

lakshay (ipcc) (581 Points)

14 April 2011  

i know what r d limits for leave encashment

Least of following will be exempted.

  1. Leave encashment Actually received.
  2. Last 10 Month average salary .(average salary explained below)
  3. Maximum amount fixed by the Government from time to time (given below)
  4. Cash equivalent of salary in respect of the period of earned leave to the credit of the employee only at the time of retirement whether on superannuation or otherwise calculated maximum by 30 days maximum for every year of actual service rendered to employer from whose he has retired.

pls help me in 4th point?

how to calculate it...kuch samaj ni aya..pls give an ex and explian it in easy language..pls pls