I have know that calculation of leave salary?

Question

I have know that calculation of leave salary?

Answer 1

i could not understand what u have asked.

but from you question i understand that u r asking for how to calculated leave salary

leave salary calculated from Basic salary

regards

skkuumar

http://www.askforhrd.com/index.php?optio...

Answer 2

1 day leave salary = 1 day pay = basic+ D.A. / no. of days in a month

Answer 3

Step 1

Your employer works out the weekly average of your total gross earnings by dividing your “total gross earnings” for the whole of the year of employment by 52. This gives your “average weekly earnings. (Note: “total gross earnings” means all salary, wages, overtime pay, allowances, commission, and any previous holiday pay paid.)

Step 2

Your employer then works out what your ordinary weekly pay is by multiplying your ordinary hourly rate of pay by the number of hours you normally work each week. This gives your “ordinary weekly pay”.

Step 3

Whichever of these amounts is the LARGER becomes the rate of your weekly holiday pay.

Example:

Step 1

Say total gross earnings for the year October 2002 to October 2003 are $32,000. Divide this by 52 to get the average weekly earnings of $615.38

Step 2

But, the ordinary weekly pay is $625.00

Step 3

The larger of these is ordinary weekly pay.

So, holiday pay for EACH week of the holiday is $625.00.

Answer 4

Leave salary is also treated as income.

Read Income From Salary

http://mytaxes.in/index.php?topic=17.0