Types of leave employees act prepared by Prof.Satish R.Tajane

Apr 30, 20210 likes21 views

This document discusses various types of employee leaves including sick leave, casual leave, earned leave, maternity leave, paternity leave, and study/sabbatical leave. It also covers encashment of leave, gratuity calculation, what EPF (Employee Provident Fund) is, EPF contribution rates and calculation in India, and PPF (Public Provident Fund). Key details include gratuity calculation based on last drawn salary, months of service, and a maximum of Rs. 350,000. EPF contribution rates for employees and employers are 12% and 3.67% respectively, with ceilings of Rs. 7,500 monthly wage. PPF provides tax-free return on investment locked up for 15 years

Prof. S.N.Gaikwad
Vice Chairman
Prof.S.R. Tajane
Faculty Member

Types of leave employees act prepared by Prof.Satish R.Tajane

Monthly Salary x 15days x No. of yrs of service
Monthly Salary
15 days
26 days
26
=> Last drawn
=>Salary
=>Total working days in a month
Max gratuity => Rs. 3,50,000
Calculation of Gratuity

Rates in India
Scheme Name Employee contribution Employer contribution
Employee provident
fund
12% 3.67%
12%
Employees’ Pension
scheme
0 8.33%
Employees Deposit
linked insurance
0 0.5%
EPF Administrative
charges
0 1.1%
EDLIS Administrative
charges
0 0.01%

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/-)

Method 1
Contribution
Towards
Calculation Amount
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/-)

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/-)

Method 3
Contribution
Towards
Calculation Amount
EPF Employees
share
6500 x 12% 780
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/-)

Prof. Satish R. Tajane
(M.Com, GDC&A,CMA-Inter,Ph.D. Appear)
GST & Income Tax
Consultant

The document discusses various types of leaves including sick leave, casual leave, earned leave, maternity leave and paternity leave. It also discusses encashment of leave, gratuity, EPF and PPF. For leaves, it provides details on eligibility periods and calculations. For gratuity, it explains the calculation based on salary and years of service. For EPF, it explains contribution rates for employees and employers and calculation methods. PPF is described as a voluntary long-term investment with minimum deposit and interest rate.

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APM People Interest Network Conference 2025 -Autonomy, Teams and Tension: Projects under stress -Tim Lyons -The neurological levels of team-working: Harmony and tensions With a background in projects spanning more than 40 years, Tim Lyons specialised in the delivery of large, complex, multi-disciplinary programmes for clients including Crossrail, Network Rail, ExxonMobil, Siemens and in patent development. His first career was in broadcasting, where he designed and built commercial radio station studios in Manchester, Cardiff and Bristol, also working as a presenter and programme producer. Tim now writes and presents extensively on matters relating to the human and neurological aspects of projects, including communication, ethics and coaching. He holds a Master’s degree in NLP, is an NLP Master Practitioner and International Coach. He is the Deputy Lead for APM’s People Interest Network. Session | The Neurological Levels of Team-working: Harmony and Tensions Understanding how teams really work at conscious and unconscious levels is critical to a harmonious workplace. This session uncovers what those levels are, how to use them to detect and avoid tensions and how to smooth the management of change by checking you have considered all of them.

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Types of leave employees act prepared by Prof.Satish R.Tajane

1. Prof. S.N.Gaikwad Vice Chairman Prof.S.R. Tajane Faculty Member

12. Study/Sabbatical Leave

14. Encashment of Leave

15. Calculation

17. Gratuity

18. Monthly Salary x 15days x No. of yrs of service Monthly Salary 15 days 26 days 26 => Last drawn =>Salary =>Total working days in a month Max gratuity => Rs. 3,50,000 Calculation of Gratuity

19. Example

20. Gratuity Penal Provision

22. What is EPF?

23. EPF

24. Rates in India Scheme Name Employee contribution Employer contribution Employee provident fund 12% 3.67% 12% Employees’ Pension scheme 0 8.33% Employees Deposit linked insurance 0 0.5% EPF Administrative charges 0 1.1% EDLIS Administrative charges 0 0.01%

25. 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/-)

26. Ceiling Limit

27. Method 1 Contribution Towards Calculation Amount 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/-)

28. 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/-)

29. Method 3 Contribution Towards Calculation Amount EPF Employees share 6500 x 12% 780 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/-)

31. PPF

32. Return on investment

33. How long is the money Blocked

35. Prof. Satish R. Tajane (M.Com, GDC&A,CMA-Inter,Ph.D. Appear) GST & Income Tax Consultant

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Types of leave employees act prepared by Prof.Satish R.Tajane

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