ENCASHMENT LEAVE SALARY
How to calculate the amount of Encashment of Leave Salary…
Here we have taken for refrence the Office Order issued by Ministry of Labour & Employment, Labour Bureau dated on 23.09.2010.
In this order the department calculate the encashment of leave salary for 300 days earned leave for an employee, who retired on 31.08.2010. [As per the Rule 39(2) C.C.S. (Leave) Rules, 1972 – DOPT Office Memoranum No.14028-7-97-Estt(L) dated 7th October, 1997]
The Calculation of leave salary is as under :-
Earned leave standing at the credit on the date of retirement = 300 days.
Calcualtion for 300 days…
Total Leave Salary admissible = Rs.3,05,810