Re: ( MACOBiE ) Re: MACOBiE HR Pay out Policy

Dear Manish,   As per factories act, Leave is always calculated on Basic + Dearness Allowance [Consolidated Basic] only.   Regards   Janvalkar Sharadkumar --- On Tue, 29/6/10, kumar hotha <kumarhotha@yahoo.co.in> wrote: From: kumar hotha <kumarhotha@yahoo.co.in> Subject: ( MACOBiE ) Re: MACOBiE HR Pay out Policy To: SixSigmaHR@yahoogroups.com Date: Tuesday, 29 June, 2010, 9:14 AM   Dear Mr. Manish Leave encashment policy will vary from company to company. However, in general, encashment of leave is paid on the last drawn salary's basic and DA or basic + HRA with number of days (only PL or EL) available in employee's credit divided by 30 . Such terminal benefit must be calculated well in advance and to be handed over on the last  working day of the employee's retirement day. Regards L.Kumar From: Manish Pandey <sincerework@ yahoo.com> To: SixSigmaHR@yahoogro ups.com Sent: Fri, 25 June, 2010 10:28:56 PM Subject: Re: MACOBiE HR Pay out Policy   Hi can anyone send me details on the leave encashment policy once the employee retires? Do keep in touch. IMPOSSIBLE = I AM POSSIBLE Take Care + Best Regards Manish --- On Wed, 6/23/10, manasi kulkarni <manasi.137@gmail. com> wrote: From: manasi kulkarni <manasi.137@gmail. com> Subject: MACOBiE HR Pay out Policy To: SixSigmaHR@yahoogro ups.com Date: Wednesday, June 23, 2010, 1:01 PM   Hi Can anyone explain me HR Pay out policy? Regards Manasi Kulkarni

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