Guide to Calculating Leave Salary in Payroll Software

What is leave salary?

The leave salary calculation is based on the employee's basic salary, allowances, and the number of leave days taken, ensuring fair compensation during time off.

How Calculate Leave Salary Encashment Formula?

Leave Salary outlined in the company's leave policy and specified in the leave policy for employees, ensuring fair compensation for untaken leave.

Several key factors of  leave salary rules must be considered

1

Types of Leave

Leave Encashment

2

Calculation Method

3

Legal Compliance

4

Learn how to accurately calculate leave salaries and ensure compliance. For a detailed guide and step-by-step instructions, check out our comprehensive blog post now.

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