Accumulated leaves can be encashed at the time of working or leaving the company based on the company’s policy. The formula used for the calculation of Encashable Leaves is : Encashable Amount = Monthly Gross / 22* Encashable Leave. Leave Encashment during service is fully taxable in all...
The daily rate of maternity leave pay is a sum equivalent to four-fifths of the average daily wages (ADW) earned by the female employee in the 12-month period preceding the first day of the maternity leave. If an employee is employed for less than 12 months, the calculat...
If an employee had less than 80 percent attendance during a year which is not his first year at work, the next year’s leave days are based on the formula of 1 leave day for a fully worked month in the previous year. This calculation method is the same as article 1 of this post. ...
Leave which is utilized is valued on ‘cost to the company’ (CTC) basis while leave which is encashed is costed on the basis of core wages as defined in the leave rules. Any understatement of future leave utilization can lead to understatement of liability. what is expected from actuary?
Salaries & Wages As we've seen, Billy has a lot of employees that are doing different jobs, from design to manufacturing to marketing and sales. How does he account for each employee on his payroll? One way to separate out employee compensation, including salary, is by grouping the empl...
a本文通过理论计算和操作经验优化了抽汲捞油工作中的施工参数 This article optimized the pump through the theoretical calculation and the operation experience to fish in the oil work the construction parameter[translate] a将错就错 正在翻译,请等待...[translate] ...
No. The calculation of the annual leave period will include official holidays specified by law or by agreement, or leave because of sickness, that fall within the same period of annual leave. However it is depends on company’s policy how the leaves have been calculated whether it is calendar...