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

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

3. ✓
✓
✓
✓
✓

5. Types of Leave

6. Sick Leave

7. Casual Leave

8. Earned Leave

9. Maternity Leave

10. Paternity Leave

11. Transfer Leave

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