1. Types of Leave
Encashment of Leave
Gratuity
EPF
PPF
3. Types of Leave
Sick leave : 12 days
Casual Leave : 12days
Earned Leave/PL : 15 days
Sectional/National Leave : 12 days
Maternity Leave : 135 days
Paternity Leave : 15 days
Transfer Leave : 3 days
Study/Sabbatical Leave`
4. Sick Leave
Max 12 days
Considered for 2 days
Beyond 2 days, furnish medical certificate.
Un availed SL, carry forward to next year.
Max. accumulation of SL is 30days
Cannot be clubbed with any other leave.
5. Casual Leave
Maximum 12 days
Only two days at a stretch will be granted
Can be prefixed/suffixed with weekly off
Not with PL/SL
Unauthorized absence
If holiday falls between CL=> Earned leave
6. Earned Leave
Leave entitlement =>30 working days
Each completed year of service
After 12 months of service.
Can accumulated up to 60 days.
Cannot avail more than 3 times a year.
7. Maternity Leave
3 calendar months
Full pay granted
Post-natal complications ,the approval of the Head of
the Department is required.
3 months on half pay
Beyond 3 months , no pay.
8. Paternity Leave
5 days with full pay
Leave has to be taken within one month of the birth
of the child.
9. Transfer Leave
Availed at one stretch
Within three months of transfer
It can neither be accumulated nor carried forward
Travel time from point to point is not a part of this
leave.
10. Study/Sabbatical Leave
Sanctioned by the Head of the department
Leave without pay
A specific period of time as agreed between the HOD
and the staff.
12. Encashment of Leave
Which leaves are eligible for encashment
Earned leave
Privilege Leave
Annual Leave
Encashment is done once a year
Superannuation
Resignation
13. Calculation
Basic Salary
____________________________
26 x no of days to be en-cashed
Basic Salary /Gross Salary=> varies w.r.t organizations
26 => no of working days in a month
15. Gratuity
Money given in return for service.
Payment of Gratuity Act,1972
Eligibility:
Any person employed on wage/salary
more than 5 years of continuous service.
In case of death
Payable
Even if 5 years are not complete.
16. Calculation of Gratuity
Monthly Salary x 15days x No. of yrs of service
___________________________________________
26
Monthly Salary => Last drawn
15 days =>Salary
26 days =>Total working days in a month
Max gratuity => Rs. 3,50,000
17. Example
Mr. X => Rs. 4256 (last drawn)
Period of service => 2001-2006
Gratuity => 4256 x 15 x5
____________
26
=>Rs. 12,276.9
20. What is EPF?
PF is a long term investment
Low risk investment area
Backed by the government
Each month a certain percentage of your salary is
invested.
% varies from company to company.
Between 8% and 12%
Retirement benefit scheme
22. Rates in India
Scheme Name Employee contribution Employer
contribution
Employee provident 12% 3.67%
fund 12%
Employees’ Pension 0 8.33%
scheme
Employees Deposit 0 0.5%
linked insurance
EPF Administrative 0 1.1%
charges
EDLIS Administrative 0 0.01%
charges
23. Calculation of EPF
Contribution Towards Calculation Amount
EPF Employees share 3500 x 12% 420
EPS Employer share 3500 x 8.33% 292
EPF employer share 3500 x 3.67% 128
EDLI charges 3500 x 0.5% 18
EPF Admin charges 3500 x 1.1% 39
EDLI Admin charges 3500 x 0.01% 0.35 ( round up to Rs 1/-
)
24. >Ceiling Limit
The employer is liable to pay contribution only on
6500/- Whatever is the basic salary
25. Method 1
Contribution Calculation Amount
Towards
EPF Employees share 7500 x 12% 900
EPS Employer share 6500 x 8.33% 541
EPF employer share 7500 x 12% (-) 541 359
EDLI charges 6500 x 0.5% 32.5
EPF Admin charges 6500 x 1.1% 71.5
EDLI Admin charges 6500 x 0.01% 0.65 ( Round up to Rs
1/-)
26. Method 2
Contribution Towards Calculation Amount
EPF Employees share 7500 x 12% 900
EPS Employer share 6500 x 8.33% 541
EPF employer share 6500 x 3.67% 239
EDLI charges 6500 x 0.5% 33
EPF Admin charges 6500 x 1.1% 72
EDLI Admin charges 6500 x 0.01% 0.65 ( Round up to Rs
1/-)
27. Method 3
Contribution
Calculation Amount
Towards
EPF Employees 6500 x 12% 780
share
EPS Employer share6500 x 8.33% 541
EPF employer share 6500 x 3.67% 239
EDLI charges 6500 x 0.5% 33
EPF Admin charges 6500 x 1.1% 72
EDLI Admin 6500 x 0.01% 0.65 ( Round up to Rs
charges 1/-)
29. PPF
Established by the central government
Voluntary decision to open an account
Need not be salaried individual
Minimum deposit every year is Rs.500
Account can be opened in
Nationalized bank
Head post office
Or Selected post offices