HOW TO CALCULATE EL LESS THEN 20 DAYS
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Hi to all,Simple EL Calculation: Total number of days present / 20 = (###) e.g., 15 days. Basic + DA / 30 = Per day salary. Multiply 15 by the per day salary to get EL Salary. If laborers are involved, it means Basic + DA / 26.Thanks & Regards, Manivannan.S HR-E...
Hi HR team,I would like to discuss leave encashment and earned leave.Regards,Rakesh Natarajan9840795964
Dear All,This is a query regarding EL calculation. If a worker is absent for 4 days in a month, we need to adjust the 4 days of absence and convert them to EL leave. My question is whether we should enter the actual days in the EL register plus the 4 days of abs...
Working Days = 22Leave Days = 4Last Month EL balance = 15Adjusted Leave Type = ELCurrent month EL Balance = 11 + 1 = 12Now I think your doubt may be clear. EL for 20 days working in a month, 1 day creates balance. Now, the remaining balance is 22 - 20 = 2\. Thes...
Dear Chander,You want to ask whether EL earned in this year is counted for calculating next year's EL leaves!If yes, then the answer is that for the purpose of calculating eligibility for EL, they will be counted. However, to calculate EL's earned days, these da...
The following is the calculation for counting working days for factory returns:365 - 52 Weekly Off - 10 Festival Holidays or whatever Festival holidays your factory is giving
Please deduct the days of weekly off, national holidays, and festival holidays observed in 2017 from the total of 365 days in 2017\. Additionally, kindly explain the challenges you are encountering while performing the arithmetic calculations.
I have recently joined my current organization and do not have much experience in the HR field. Please let me know how to calculate working days in the Annual return under the Factory Act that ended on December 31st.
1\. One employee joined us on 16th Jan 19 and left on 18th Sept 19\. Now, I am processing his F&F settlement. According to the leave book, his total working days are 165 days, making him eligible for earned leave (EL). The EL calculation is 165/20 = 8 days for p...
240 days is the total paid days attended during 12 months. If the employee had worked only for a portion of the year, you can take it pro rata also. That means for 8 months it will be 8 x 20 days or 160 days. Obviously, if he had put in 165 days, he will get 8 d...