Paid leaves can be accumulated and encashed either during employment or at the time retirement or on resignation from employment.

Example of leave encashment. Earned leave settlement calculation Example. Earned Leave Encashment Table for 300 Days 7 th CPC Pay Matrix Level -6 GP4200. You can follow these sample request letter for annual leave encashment from company office HR Manager or HR Department if you qualify for leave encashment as per company policy after the financial year Date Authority namePosition name Institute Name Institute Address Sub.

Calculate Leave Encashment Payment. Leaves eligible for leave encashment 1125 585 540 days 18 months Average last 10 months basic dearness allowance Rs 25000 How much Taxes you Need to Pay this Year. A person gets a salary of Rs12000 per month and allowed leave days per month is 2.

The rules for encashment of leave shall cover all regular employees of the company excluding those on deputation from Government other organizations and company employees on deputation to others. Cash equivalent of unavailed leave. Thank you for your cooperation and understanding.

As per requirement I have attached all the required documents along with this letter. Rules of Taxability of Leave Encashment Leave Encashed during the employment. Substitute the values in the formula Annual leave encashment leave days x 12 x Gross Salary x 12 365.

Leave encashment mean the payment of your annual leaves which you do not avail for any reason. Annual leave encashment leave days x 12 x Gross Salary x 12 365 Example. Sample application for leave encashment from employer or company.

The total encashment to be paid will be. The Encashment Table of 300 days Earned Leave for the pay matrix level 6 4200 Grade Pay. Basic and Dearness Allowance is considered for calculation of the amount.