I need to know one thing regarding leave encashment. If leaves are being encashed for last financial year, then last financial year’s salary should be considered? Please let me know. Abhrajita
From India, Kolkata
From India, Kolkata
Dear Abhrajita: If leave salary is to correspond with the salary accruing at the time the leave is earned, that would render the calculations cumbersome and otiose if you reckon the effort involved, as the amount for each day's leave would vary with every pay band in which the leave was earned. It would be a very complicated book keeping. Next, when you are availing leave, payment is made on the current salary, so for encashment it has to be on same basis and it cannot be of lesser value. Moreover, since leave is encashed/availed in the present context , it is only the present salary which can form the basis.
From India, Mumbai
1422From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Financial Mkt.pdf
Capital Budgeting Financial Appraisal of Investment Project.ppt
Financial.xls