You might be aware of the fact that government sector employees can get money by selling out the unused earned leave to the employer. This facility is also applicable for private companies workers as well.
In the last post, I have shared the formula about BSNL Gratuity Calculation. Today I will discuss the expected leave encashment amount that an employee receives after superannuation from the BSNL/MTNL.
Most government staff prefer to take leave encashment after retirement from the service. An employee can encash the maximum of 300 days of salary (Basic Pay Plus IDA) in the Bharat Sanchar Nigam Limited.
Here you can find the formula for the leave encashment calculation. You have to type the basic pay in the following form. You will get the expected amount in the next field.
Check: BSNL Gratuity Calculator
This formula will be applicable to the employees working in the BSNL, MTNL, SAIL, Vizag Steel (RINL), BBNL, and HMT. Employees of these PSUs are drawing pay as per the 2nd PRC guidilines.
I hope this will help to calculate the eligible amount against the accumulated earned leave for the employee.