I am a PSU Employee, How do I calculate leave encashment on retirement?

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I work in a central public sector enterprise, what is the procedure for calculating the leave encashment on retirement. Do all PSU follow the same formula it?

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Asked on September 26, 2019 3:22 pm
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As per the Department of Public Enterprises, there are a total of 180 CPSEs in India as of 15 March 2019.
The PSU's employee pay revision depends on the financial viability of the company.

So we can see three types of pay patterns in the above 180 PSUs. There are many public sector units which still following the Pay Criteria recommended by the 1st PRC.

Only a handful of Government Sector Companies manages to implement the 3rd Pay Revision Committee recommendations for the employees.

Due to the above reason, the formula for the calculation of Leave Encashment among PSUs will vary.

PSU Staff Leave Encashment Formula

According to the Pay Revision Committee, the Leave Encashment calculators are shown here in the table.

Wage Revision Calculator Applicable to
PSU Employees (3rd PRC) Check Here BHEL, NHPC, EIL, POSOCO, HAL, ONGC, BPCL, IOCL, HPCL, MOIL, BEL, Coal India, NTPC, GAIL, PGCIL,  and all other PSUs which have implemented 3rd PRC
PSU Employees (2nd PRC) Check Here SAIL, Vizag Steel, BSNL, MTNL,  and all CPSEs which are still paying wages according to 2nd PRC
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Answered on October 7, 2019 4:04 pm

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