Leave Encashment Calculator
Calculate your Leave Encashment instantly and understand the related terms clearly.
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Estimated Encashment Amount
0
What is Leave Encashment?
Leave encashment is an amount of money received in exchange for a period of leave not availed by an employee. Encashment of accumulated leave can be availed at the time of retirement, during the continuation of service or at the time of leaving the job.
Key Terms Explained
- Basic SalaryThis calculation typically uses your monthly Basic Salary (along with DA in some cases). Variable pay and other allowances are not included.
- Earned Leaves (EL) / Privilege Leaves (PL)These are leaves you accumulate over your service period. Casual and Sick leaves are usually not encashable.