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Feb 03, 2023 at 04:18 AM

Leave Encashment calculation on VRS (Voluntary retirement service)- PY IN

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Hi all,

One of the employees got VRS on 31.12.2022. But his FNF is being processed in February 2023. He is being paid Leave Encashment, however, DA rates were changed effective 1.1.2023 as well.

Now Leave encashment is being calculated on the DA rates effective from 1.1.2023. We want it to consider the December DA rates to be used for Leave Encashment calculation.

How to achieve this please help?