KAKINADA POSTAL DIVISION

Tuesday, May 3, 2011

All about Meghdoot Millennium Accounts MIS Client Software ~ satish24k

All about Meghdoot Millennium Accounts MIS Client Software ~ satish24k
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How to calculate the amount of Encashment of Leave Salary...


Here we have taken for reference the Office Order issued by Ministry of Labour & Employment, Labour Bureau dated on 23.09.2010. In this order the department calculate the encashment of leave salary for 300 days earned leave for an employee, who retired on 31.08.2010. [As per the Rule 39(2) C.C.S. (Leave) Rules, 1972 - DOPT Office Memorandum No.14028-7-97-Estt(L) dated 7th October, 1997] The Calculation of leave salary is as under :- Earned leave standing at the credit on the date of retirement = 300 days. Pay = 16290Grade Pay = 4800DA @ 45% as on 1.7.2010 = 9491Total = 30581Calculation for 300 days... 30581 X 300 / 30 = 305810Total Leave Salary admissible = Rs.3,05,810 (Rupees Three Lakh five thousand eight hundred ten only)

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