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.
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Pay 16290
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Grade Pay 4800
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DA @ 45% as on 1.7.2010 9491
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Total 30581
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Calculation
for 300 days...
30581 X 300 / 30 = 305810
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