Annual Leave Encashment Calculator

Posted by Dinesh on

This calculator calculates the annual leave encashment using company allowed leave, leaves taken by employee, employee gross salary per month values.

Annual Leave Encashment Calculation

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Formula:

Annual leave encashment = (leave days × 12) × (Gross Salary × 12 / 365)
Company allowed annual leave encashment = (Company allowed leave) × (Gross Salary ×( 12 / 365))