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Monday, October 25, 2010

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

By Satish24K
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     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 = 16290

Grade Pay = 4800

DA @ 45% as on 1.7.2010 = 9491

Total = 30581
Calculation for 300 days...
30581 X 300 / 30 = 305810

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


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I'm Satish B Neeralakatti, the founder of satish24k. I'm an Inspector of Posts in Department of Posts. I'm a common man with UNCOMMON DREAMS.
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