1. What Is Leave Salary Calculation After Resignation?

Leave salary calculation after resignation determines the amount of salary an employee is entitled to receive for unused leave days upon termination of employment. This calculation is typically based on the employee's basic salary and the number of unused leave days.

2. How Does The Calculator Work?

The calculator uses the formula:

Where:

• \( Basic \) — Monthly basic salary (currency)
• \( Days \) — Number of unused leave days
• \( 30 \) — Standard number of days in a month for calculation purposes

Explanation: The formula calculates the daily rate by dividing the monthly basic salary by 30, then multiplies by the number of unused leave days to determine the total leave salary.

3. Importance Of Leave Salary Calculation

Details: Accurate leave salary calculation ensures fair compensation for employees upon resignation and helps employers comply with labor regulations and employment contracts.

4. Using The Calculator

Tips: Enter the monthly basic salary in currency and the number of unused leave days. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Why divide by 30 in the formula?
A: Dividing by 30 is a standard method to calculate the daily rate from monthly salary, assuming a 30-day month for simplification.

Q2: Are there different calculation methods?
A: Some organizations may use actual working days per month or different divisors based on company policy or local regulations.

Q3: What if the employee has partial leave days?
A: The calculator accepts decimal values for days, allowing calculation for partial leave days.

Q4: Does this calculation include allowances?
A: Typically, leave salary is calculated based on basic salary only, but some policies may include certain allowances. Check your local regulations.

Q5: Is this calculation applicable everywhere?
A: Leave salary calculation methods may vary by country and company policy. Always verify with local labor laws and employment contracts.