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Sunday, October 24, 2010

How to calculate the amount of Encashment of Leave Salary...

How to calculate the amount of Encashment of Leave Salary

Here we have taken for reference 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 Memorandum 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
Pay
16,290
Grade Pay
4,800
DA @ 45% as on 1.7.2010
9,491
Total
30,581

Calculation for 300 days
30581 X 300 / 30
3,05,810

Total Leave Salary admissible = Rs.3,05,810
(Rupees Three Lakh five thousand eight hundred ten only)



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