salary

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meaning of salary for leave encashment
Replies (4)

Purpose:

To provide employees with a way to take time off during non-peak times and, by reducing their positions temporarily to half-time, stretch their accruals out over a longer period of time. The College benefits through monetary savings.

Eligibility:

Employees having calendar year obligations and paid on an annual salary basis may request leave enhancement.

Salary for leave encashment 

= Basic salary + D.A + Commissionas a percentage of turnover achieved by employee

(Basic salary + D.A + Commissionas)
I think it's not commission...
It's called INCENTIVES under IT....

in case it's called/paid as commission then it ll treat commission income. Not under salary head...
1) salary = basic + DA ( if provided in terms of retirement benefits ) + commission ( at fixed percentage )

2) encashment of leave salary is exempted under Sec 10(10(AA))

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