Savings
Leave Encashment Calculator
Calculate the monetary value of accumulated unused leave for encashment at retirement.
Formula
Encashment = (Basic/30) × Earned Leaves
Basic Salary, Earned Leaves, Max Leaves
Results
Enter values above to see results
Encashment = (Basic/30) × Earned Leaves
Leave encashment is calculated based on earned leaves accumulated. The formula is (Basic Salary / 30) × Number of earned leaves. This is payable on resignation, retirement, or as advance leave. Tax exemption is limited to ₹25 lakh under Section 10(10AA).
Basic salary ₹50,000 with 30 earned leaves (max 10 encashable)
Input Values
Calculation
Applying the formula with the input values above:
Results
Encashment Amount
₹50,000.00
Taxable Amount
₹0.00
- 1Enter your basic monthly salary as per your last pay slip.
- 2Input your earned leaves balance (accumulated leaves shown in payslip).
- 3Note that encashment rules vary by company and government vs private sector.
- 4For government employees, leave encashment is partially tax-exempt.
- 5Private sector employees can encash accumulated leaves as per company policy.
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