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  • Leave Encashment Form

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LEAVE ENCASHMENT FORM Employee Details Name: Employee Id. No. Wing/Dept./Div. Designation: Grade: Place: Encashment details Date of Encashment: Earned Leave Balance: Verification (To be done by the.

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Leave encashment refers to an amount of money received in exchange for a period of leave not availed by an employee. Encashment of accumulated leave can be availed by an employee at the time of retirement, during the continuation of service or at the time of leaving the job.

Earned Leave = [(Basic Salary + DA) / 30] x No of days. Hal Pay Leave = [(Half Pay Leave Salary + DA) / 30] x No of days.

Leave encashment refers to an amount of money received in exchange for a period of leave not availed by an employee. Encashment of accumulated leave can be availed by an employee at the time of retirement, during the continuation of service or at the time of leaving the job.

No. Of earned leaves Suresh was eligible for = 35 X 20 = 700 days. He has taken 340 leaves during the service period. Leaves eligible for leave encashment = 700 340 = 360 days. Average last 10 months basic + dearness allowance = Rs 21,000.

The leave encashment for private sector employees is stated in Section 10 (10AA) and is minimum of the following 4 factors: Amount received as leave encashment. Maximum cap as stated by government Rs 3 Lakhs. Last 10 months average basic salary & dearness allowance before leaving the job.

Respected Sir, It is stated that I am (Name), working in (Institute name), since last three years. It is to inform you that at the end of every year as per the policy of the institute, leave encashment is provided to the employees. I want to get my leave encashment of this year in the next week.

a. Earned leave standing to the credit of an employee may be encashed at his option only once in a calendar year provided that the quantum of leave to be encashed in each case is not more than 50% of the Earned Leave at credit or 30 days earned leave whichever is less.

No. Of earned leaves Rita was eligible for = 45 X 25 = 1,125 days. She used 585 leaves over her service period. Leaves eligible for leave encashment = 1125 585 = 540 days (18 months) Average last 10 months basic + dearness allowance = Rs 25,000.

Encashment upto 50% of the earned leave at credit or 30 days whichever is less is allowed on availing 7 days regular leave. Regular leave covers the earned leave, half pay leave, commuted leave or extra-ordinary leave. It does not include the study leave.

Formula: (Monthly Gross rate of pay** x 12 months) / (52 weeks x 7 days) x number of leave days left to encash.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232