{"id":6140,"date":"2024-09-11T13:05:11","date_gmt":"2024-09-11T07:35:11","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=6140"},"modified":"2024-09-11T17:14:43","modified_gmt":"2024-09-11T11:44:43","slug":"leave-encashment-calculation","status":"publish","type":"post","link":"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/","title":{"rendered":"Leave Encashment &#8211; Meaning, Calculation, Tax Exemption"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a034b365279a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a034b365279a\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#What-is-Leave-Encashment\" >What is Leave Encashment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#Types-of-Leaves\" >Types of Leaves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#Is-Leave-Encashment-Taxable\" >Is Leave Encashment Taxable?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#Leave-Encashment-for-Legal-Heirs-of-a-Deceased-Employee\" >Leave Encashment for Legal Heirs of a Deceased Employee<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#Leave-Encashment-Formula\" >Leave Encashment Formula<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#Leave-Encashment-Calculation\" >Leave Encashment Calculation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#Leave-Encashment-for-Legal-Heirs-of-a-Deceased-Employee-2\" >Leave Encashment for Legal Heirs of a Deceased Employee<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#What-is-Leave-Encashment-Policy\" >What is Leave Encashment Policy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#Process-of-Leave-Encashment\" >Process of Leave Encashment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-encashment-calculation\/#Automated-Leave-Encashment-Calculation\" >Automated Leave Encashment Calculation<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-is-Leave-Encashment\"><\/span><strong>What is Leave Encashment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Leave encashment is the process of calculating and crediting the amount of cash in exchange for an employee&#8217;s unused paid leaves. Employees can save their leaves to receive money when they leave their job or retire. Leave encashment is included in the employee&#8217;s<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"https:\/\/razorpay.com\/payroll\/learn\/full-and-final-settlement-fnf\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\"><span style=\"font-weight: 400;\">full and final settlement.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The leave encashment policy differs from company to company, and the rules vary. Some companies usually pay for the leaves taken, or some adjust them in the next calendar year.\u00a0<\/span><\/p>\n<p>Manage leave and attendance tracking with digital-first payroll solutions like RazorpayX Payroll &#8211; calculate leave encashment with only one click!<\/p>\n<p style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/payroll.razorpay.com\/signup?r=blog_cta_leave_encashment\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Demo RazorpayX Payroll for Free<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types-of-Leaves\"><\/span><strong>Types of Leaves<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To encash your leaves, you need to know the<a href=\"https:\/\/razorpay.com\/payroll\/learn\/types-of-leaves-in-india\/\"> types of leaves<\/a>, and which of them can be encashed. Here are different types of leaves:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Leave Type<\/b><\/td>\n<td><b>Description<\/b><\/td>\n<td><b>Eligibility for Encashment<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Casual Leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Commonly used leave with a duration of 7 to 10 days. Must inform employer for encashment.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Eligible<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Privilege Leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Requires prior notice and varies by organization. Eligible for encashment after a period.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Eligibility varies<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Medical Leave or Sick Leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">For health conditions, requires employer notice. Eligible for encashment, but not long-term.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Eligible (Excluding long-term)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sabbaticals<\/span><\/td>\n<td><span style=\"font-weight: 400;\">For upskilling, paid and reimbursed by the organization. Eligible for encashment.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Eligible<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Holiday Leaves<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Paid leaves, no salary deduction. Eligible for encashment.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Eligible<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Maternity Leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Available to pregnant employees, varies in duration. Not eligible for encashment.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not eligible<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Compensatory Leave \/ Comp Off<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Comp off is paid time off given to employees in exchange for working overtime or on holidays.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not eligible<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Floater Leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">A short period of leave an employee can take on a chosen workday, subject to company approval.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Eligibility varies<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">National Holiday<\/span><\/td>\n<td><span style=\"font-weight: 400;\">A designated paid day off to commemorate a national event.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not eligible<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Marriage Leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Paid leave granted to an employee specifically for getting married.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not eligible<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Unpaid Leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">A period of leave an employee takes without receiving regular pay.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not eligible<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Is-Leave-Encashment-Taxable\"><\/span><strong>Is Leave Encashment Taxable?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Any leave is available for encashment during service, at retirement, or when a person resigns. When encashed during the service period, it is fully taxable and part of the salary income. However, one can claim some relief under Section 89 of the Income Tax Act.<\/span><\/p>\n<p><strong>Read more: <a href=\"https:\/\/razorpay.com\/payroll\/learn\/leave-management-system\/\">Leave Management System<\/a><\/strong><\/p>\n<h3>Leave Encashment During Employment<\/h3>\n<p>Leaves encashed while the employee is still employed are subject to taxation since the amount encashed becomes part of the &#8220;income from salary&#8221; head.<\/p>\n<p>Tax benefits under Section 89 apply to this head, and employees can save tax by filling out Form 10E to claim tax relief.<\/p>\n<h3>Leave Encashment At Retirement or Resignation<\/h3>\n<p><span style=\"font-weight: 400;\">Leave encashment can be received by the employees when they are still in employment, when they choose to retire, or when they resign. The leave encashment amount becomes part of the salary and is fully taxed if applied for when in employment. Section 89 of the Income Tax Act provides some tax relief.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For government employees, both state and central, the entire amount is tax-exempted. However, for private employees, the leave encashment amount is partially taxable. The tax is calculated based on Section 10(10AA)(ii). <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Leave-Encashment-for-Legal-Heirs-of-a-Deceased-Employee\"><\/span>Leave Encashment for Legal Heirs of a Deceased Employee<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Leave encashment for legal heirs of a deceased employee whether a government or a private employee, the amount is completely exempted from taxation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the latest tax norms introduced on 1 April 2023, a limit of \u20b925 lakhs has been set. That means leave encashment amounts up to \u20b925 lakhs will be exempted from tax for private employees. This will be valid provided they meet specified conditions mentioned under Section 10 of the Income Tax Act.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For government employees, the taxation of leave encashment works differently than for non-government employees.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Situation<\/b><\/td>\n<td><b>Taxation Law\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">During Service\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The complete amount will be taxable under salary. However, you can get tax benefits under Section 89 and Form 10E.\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">During Retirement or Resignation (Government Employees)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tax-free<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">During Retirement or Resignation (For Private Employees)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The lesser of the actual leave encashment received, the average salary for 10 months, or the cash equivalent of unutilized earned leave (limited to 30 days per year of service).<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Legal Heirs of the Deceased Employee<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tax-free<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/payroll.razorpay.com\/signup?r=blog_cta_leave_encashment\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Automate leave encashment calculation<\/a><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Leave-Encashment-Formula\"><\/span>Leave Encashment Formula<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Leave encashment is calculated with a basic formula, i.e.,\u00a0<\/span><\/p>\n<p><b>[(Average Basic salary + Average Dearness Allowance) \/ 30] * No. of Earned Leaves<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In the above formula,\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Average Basic Salary = Average monthly basic salary\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Average Dearness Allowance = Average monthly dearness allowance (DA)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">No. of Earned Leaves = Total number of leaves accumulated <\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Leave-Encashment-Calculation\"><\/span><strong>Leave Encashment Calculation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The leave encashment calculation formula considers the per day salary of the employee, which is inclusive of the basic salary along with the Dearness Allowance (DA). This amount is then divided by 30 (assuming the month has 30 days). The number is then multiplied by the number of leaves accumulated by the employee to get the final result.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s an example of leave encashment calculation to help you understand it better:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Anil has been an employee of XYZ Corporation for 20 years and he was entitled to 35 days of annual leave. His monthly salary including the Dearness Allowance is \u20b950,000. During his tenure at XYZ Corporation, he used only 120 days as leave and accumulated the remaining leaves.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is how his leave encashment will be calculated:\u00a0<\/span><\/p>\n<p><b>Total leave entitlement over 20 years: <\/b><span style=\"font-weight: 400;\">20 years X 35 days\/year = 700 days\u00a0<\/span><\/p>\n<p><b>Accumulated Leaves (Earned Leaves): <\/b>7<span style=\"font-weight: 400;\">00 days\u2212120 days=580 days<\/span><\/p>\n<p><b>Per Day Salary: <\/b><span style=\"font-weight: 400;\">\u20b950,000\/30 = \u20b91,666.67\u00a0<\/span><\/p>\n<p><b>Leave Encashment Amount: <\/b><span style=\"font-weight: 400;\">\u20b91,666.67\u00d7580=\u20b99,66,670<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this case, Anil\u2019s leave encashment of \u20b99,66,670 was higher than \u20b93,00,000, so only \u20b93,00,000 would be exempt from tax. The remaining amount, \u20b96,66,670, would be taxable.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Leave-Encashment-for-Legal-Heirs-of-a-Deceased-Employee-2\"><\/span>Leave Encashment for Legal Heirs of a Deceased Employee<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Leave encashment for legal heirs of a deceased employee whether a government or a private employee, the amount is completely exempted from taxation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the latest tax norms introduced on 1 April 2023, a limit of \u20b925 lakhs has been set. That means leave encashment amounts up to \u20b925 lakhs will be exempted from tax for private employees. This will be valid provided they meet specified conditions mentioned under Section 10 of the Income Tax Act.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For government employees, the taxation of leave encashment works differently than for non-government employees.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What-is-Leave-Encashment-Policy\"><\/span>What is Leave Encashment Policy?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Leave encashment is a policy wherein an employee is entitled to receive cash in exchange for their unused or unutilised leaves in a year. Employees can save their leaves and get the amount when they retire or when they resign.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The leave accumulation policies of companies may vary from each other. However, generally, companies allow employees to carry over unused leaves from the current year to the next year. Employees can get paid for the unused leaves and can benefit from not using their leaves.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the leave encashment amount is taxable with some exemptions. Government employees are exempted from tax when they retire and encash their unused leaves.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Process-of-Leave-Encashment\"><\/span>Process of Leave Encashment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<p data-sourcepos=\"3:1-3:209\">Leave encashment allows employees to convert their unutilised paid leave days into monetary compensation. The specific process can vary depending on the company&#8217;s leave policy, but here&#8217;s a general breakdown:<\/p>\n<h4>Accumulation of Unused Leaves<\/h4>\n<p>The employee ends the year with a certain amount of unused leaves which are eligible for encashment.<\/p>\n<h4 data-sourcepos=\"11:1-11:27\"><strong>Initiating the Request<\/strong><\/h4>\n<p>The employee submits a formal request which may involve filling out a leave encashment form or submitting a written request to HR.<\/p>\n<h4><strong>Calculation and Approval<\/strong><\/h4>\n<p>The HR department will calculate the encashment amount based on your company&#8217;s policy. This often involves multiplying your daily salary (basic pay + dearness allowance) by the number of days being encashed.<\/p>\n<p>Your manager or HR might need to approve the request based on operational needs and your leave balance.<\/p>\n<h4 data-sourcepos=\"21:1-21:12\"><strong>Monetary Valuation &amp; Payment<\/strong><\/h4>\n<p>Once approved, the encashment amount will be included in your final salary or paid out separately depending on company policy. Taxes are also deducted from this final payment if applicable.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Automated-Leave-Encashment-Calculation\"><\/span><strong>Automated Leave Encashment Calculation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The longer an employee works for a company, the more complex the calculations for leave encashment become. Leave all the tedious calculation work to <a href=\"https:\/\/razorpay.com\/payroll\/hr-software\/?r=blog_cta_leave_encashment\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">RazorpayX Payroll<\/a> and focus on what you do the best \u2013 managing your business!<\/span><\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/payroll.razorpay.com\/signup?r=blog_cta_leave_encashment\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Try it for free!<\/a><\/div>\n<h5>Read more:<\/h5>\n<p><strong><a href=\"https:\/\/razorpay.com\/payroll\/\">Payroll Software<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/razorpay.com\/payroll\/what-is-payroll\/\">What is Payroll<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/razorpay.com\/payroll\/learn\/payroll-process\/\">Payroll Process<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/razorpay.com\/payroll\/learn\/payroll-management-system-software\/\">Payroll Management<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/razorpay.com\/payroll\/learn\/hris-human-resource-information-system\/\">HRIS<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/razorpay.com\/payroll\/leave-attendance-management\/\">Leave Attendance Management<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/razorpay.com\/payroll\/attendance-management-system\/\">Attendance Management System<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/razorpay.com\/payroll\/hr-software\/\">HR Software<\/a><\/strong><\/p>\n<h3>FAQs<\/h3>\n\t\t\t<div id=\"rank-math-rich-snippet-wrapper\" class=\"\">\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<p>Leave encashment is the amount of money an employee receives from an employer for their unutilised leaves. Read the blog post to know how to calculate leave encashment.<\/p>\n","protected":false},"author":151156542,"featured_media":10862,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3404,3476],"tags":[3608],"class_list":{"0":"post-6140","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payroll","8":"category-payroll-glossary","9":"tag-leave-encashment"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/6140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156542"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=6140"}],"version-history":[{"count":16,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/6140\/revisions"}],"predecessor-version":[{"id":13283,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/6140\/revisions\/13283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media\/10862"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=6140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=6140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=6140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}