El calculation

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Thank you for the response maam.

But this article doesnot have answers to my queries.

1. As per Factories Act, EL is computed as: 1 day for every 20 days worked during the previous calendar year. Sometimes, establishments may give EL exceeding this limit also. It is corporate specific. This link might provide more details: https://dgfasli.nic.in/H T M L/factyact/cviii79.htm
2. Leave policy varies from company to company, only thing to be noted is that it should be as per statutory requirement or even better than that.
3. For the purpose of exemption of income tax on leave encashment, you need to refer sec 10(10AA) of ITA