If the leave encashment during separation should be calculated on Gross salary or basic salary?

Thank you so much Sir!
I saw calculation in another post or portal as divided by 26 as well. I have confusion just because I will not be able to take leave on weekly holidays and shouldn't it be divided by working days of the month?
22nd January 2019 From India, Ahmedabad

As per Statutory Act it will be deducted from BASIC SALARY only....
31st January 2019 From India, Bangalore

Dear Friend, ITS ON STATUTORY GROUNDS " ITS SHOULD BE PAID ON BASIC SALARY". My clients are paying on the Basic Salary only.. As per the Act / Policy..
13th February 2019 From India, Bangalore

Of course, I haven't come across any regulation to stipulate the Leave encashment process. There were discussions in this link on the subject-
https://www.citehr.com/17052-pf-esi-...-download.html
To some extent the attached AP HC judgment provide some guidelines tagging the IT act provisions in respect of leave encashment which I hope throw some light in the matter.
14th February 2019 From India, Bangalore

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Leave Encashment-Andhra High CourtJudgment.docx (46.7 KB, 194 views)

Dear sir, Can we consider leave encasement in salary structure as part of CTC. Can explain me please.
3rd September 2022 From India, Bengaluru

Leave encashment is not shown in CTC but you can show the leave salary based on the leave entitlement of the employee. For instance if the employee gets 22 days leave, the salary of 22 days can be shown in CTC as Leave Salary
3rd September 2022 From India, Mumbai