Calculation for total no of Earned leave at credit - Study material for Accountant Examination

Calculation for total no of Earned leave at credit - Study material for Accountant Examination Fifteen Days of EL should be credited into account on the first January and First July of every year The credit to be afforded will be reduced by 1/10 th of extraordinary leave availed and/or period of dies non during the previous half year Eg : Dies non for 15 days from 01.02.2009 Next credit 15 Days on 01.07.2009 Calculation = 15 *1/10 ( 15-1.5 ) rounded to 14 Days crdit EL can be accumulated up to 300 Days in addition to the number of days for which enhcashment has been allowed along with LTC The credit for the half year in which a government servent is appointed will be afforded at the rate of 2 ½ days for each completed calander month of service which he is likely to render in the calander half year in which he is appointed Eg : Mr X is appointed on 12.02.2008 Then Total no of leave credited on 01.07.2008 is calculated as follows Completed calander month from 12.02.2008 to 30.06.2008 Four months So Total credit of EL = (4 *2 ½ ) = 10 Days While affecting credit fractions of a day should be rounded off to the nearest day Eg : 7 ½ days to be rounded as 8 Days EL on account of unavailed Joining time Unavailed joining time I e Number of days admissible ( Subject to maximum 15 Days ) reduced by the actual number of days availed , shall be credited to Earned Leave account Condition for the above 1. The Government servant is ordered to join the new Post without availing full admissible joining time 2. Proceeds alone to the new place and joins the post without availing full joining time 3. The credit of earned leave + the unavailed joining time credited should not exceed 300 Days Thanks to:nfpemavelikaradivision.blogspot.com Share and Care

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