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Leave Balance Cash out Calculation

Mon, 23 Oct 2017 04:21:52 PM  (Last updated: Tue, 24 Oct 2017 08:09:21 AM)

Hi, any formula calculation for leave balance cash out? E.g. Salary is RM 10,000/month, last working day is 31/10 leave balance is 10 days. May is know what is the pay for the leave?

KL Siew
Tue, 24 Oct 2017 08:09:21 AM

As your salary is more than RM2000, you are not covered by the Employment Act. As such you will have to discuss with the company about the leave balance payout. However, if the company agrees, they can follow the formula in the EA, which is (salary/26) x days of leave balance.

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