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Please give Leave encashment formula. Profession Tax & Pf
or any other Dedecution deduct on leave encashment or not.
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Answer Posted / neelam garg
formula: Basic Salary/26(working days consider as per govt)
*no of leaves suppose basic salary 7500 & pending leaces 10
than leaveencashment amount will be : 7500/26*10=2884.61Rs
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