Hi
Our company is recovering notice period on gross salary and paying leave encashment on basic salary. Is it possible to have different basis for notice period and leave encashment ?
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Can Leave encashment be on basis salary and notice recovery on gross salary
Replies (5)
Quick Summary
Leave encashment should be based on basic salary and DA
Corporates usually have internal policies which are more beneficial to them.
Leave salary for the purpose of exemption (or otherwise) under income tax act is calculated on basic + DA.
Gross salary is not deducted. So it is not used. Does your company give profit bonus for high employee turnover? No one paid me profit of 3% for turning out everyday as well.
Ok now I understand why my colleagues used to work recklessly so that one’s mind and body will attenuate ebullience and fall I’ll and take leave. That is why there is chaos n the floors and it is encouraged as well.
I meant ‘ones body and mind gets attenuated of ebullience and fall ill.’
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