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Please let me know the component on which pl encashment is calculated by laws, whether it is only basic or total ctc.
From India , Ghaziabad
Abha,
PL encashment will be calculated on gross salary, not to basic.
For example: if you will paid the pl on monthly salary basis the mode of calculation effective to the basic & diff allowances after then your gross salary.
Balwant

From India , Delhi
PL encashment will be calculated only on basic and DA...............and if there is no DA thn is should be calculted only on basic regards Beena:-)
From India , New Delhi
PL encashment is calculated only on Basic & D.A & no other allowances will be taken into consideration.
From India , Madras
Pl Encashment Will Be Calculated Only On Basic And Da, No Other Allowance Will Be Considered. In Case Of Payment Of Salary, Then We Will Have To Consider The Gross.
From India ,
na if somebody is availing PL thn only it should be calculated on Gross.............. but if its encashment than it should be calculated on Basic + DA
From India , New Delhi
There is no provision of encashment of pl only encahsed when person leaves the organization over the basic
From India , Delhi
Hi,
PL Encashment is actually calculated Basic & DA, but as per their Company Compensation Policy then can go for Gross Also as Employee Benifit.
PL Encashment Rule Says that PL Should be Calculated on (Monthly Basic+Monthly DA+Commission if a Fixed Percentage)*No. of PL Days/30
Regards,
Ravi Kumar.

From India , Bangalore
if we are taking for privilage leave:-
The pl calculated on basic salary but in private sector everybody bifurcated the salary in difference allowances as basic+da+hra+conv+other allowances etc for reducing expenditure of the employee related dues. In private sector employees will take any type of leave as pl cl,ml,etc.that leave effective his full salary not to only basic.so is that clear the encashment of pl(only pl) on full salary not to basic and you can encashment of pl after one year for completion of said period.
Balwant

From India , Delhi
Dear, PL is calculated on Basic +D.A= Total, If D.A is not applicable that time we can calculated on only Basic amount. Thanks, Deep Kumar 9334436152 Ranchi.
From India , Calcutta

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