Calculation Method with Formula for Encashment of Leave Encashment of EL and HPL Calculator for Central Government Employees The formula for encashment of leave is as follows: the cash equivalent will be the pay and dearness allowance that is admissible on the date when the Leave Travel Concession is availed, divided by 30, multiplied by the number of days of earned leave subject to a maximum of 10 days at one time The cash equivalent calculation
7th CPC Earned Leave Encashment Calculation for Central . . . The cash equivalent of Half Pay Leave shall be equal to leave salary admissible for Half Pay Leave plus Dearness Allowance admissible on the leave salary without any reduction being made on account of pension and pension equivalent of other retirement benefits payable