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Search for "Pay Roll Clarification Days Payable"


Lop calculation
Dear all i am working for a software development company. i need a small clarification. normally how is the loss of pay calculated? is it calculated including the weekends i.e. salary divided by 30 days and multiplied by days payable or salary divided by 22 daysexcluding week ends and multiplied by days payable.as far as i know in indian companies the salary is paid per month basis and also for the purpose of calculation we calculate with 30 days prorated. i heard in us companies it is viceversa the salary is paid for 22 days and lop calculation is also done for 22 days. please let me know how is it done in indian software companies. thanks geetanjali
Is an organization required to pay da amount by terming as da or that amount can be paid under different heads
Dear sir/madam greetings. i am r r peri from varanasi. while communicating about wages payable under minimum wages act amounts payable are bifurcated into two categories viz. basic pay and dearness allowance and the total amount payable is also mentioned therein. i hope that some will concur that the nature of works in different organizations is different and accordingly appointments are to be made and allocate duties as per requirements of organization. i need a clarification from hr experts/colleagues as to whether besides paying the basic pay as prescribed in minimum wages circular is it necessary to mention "da" in salary slip specifically or the amount earmarked for dearness allowance can be paid in different other heads just like conveyance allowance statutory bonus etc. thereby fulfilling the total amount payable to a particular category of employees. please guide in this regard. regards r r peri
Employee deposit linked scheme
Hi all can you please tell me what will be the employee contribution in edli and employer plzzzzz i know the maximum limit is 60000 and life insurance is a part of it but rest all i need to know :roll: :roll: :roll: :roll: :roll: :roll:
Need some clarification on continues service term used in gratuity act
Dear friends & seniors i need some clarification on continues service term used in gratuity act. i explain my confusion with the help of an example. an employee name x joined a company on 01/01/2013 he left his job on 30/08/2019. year wise payable days pd or days for which he was paid including paid leave and holidays but excluded unauthorized absent and leave without pay of mr. x were year pd 2013 305 2014 350 2015 333 2016 230 2017 305 2018 299 2019 240 question 1: was mr. x in continuous service? question 2: if yes than for how many years? regards rahul sindhwani
Pay calculation
: dear sir pls any one advise meour factory has maintained the muster roll for monthly workers.we have to pay for all the worker to monthly basis.what is my doubt is the worker work for the month of feb14 only around 24 days working daywe have to pay for the full monthly salary .if anyone worker absent for that working daywe have to reduce the lop only.the workers works in 27 days working day month we have to pay full salary of the month.if any lop days we have to the reduce the salary.this is the way we are following the muster roll.this is correct or not example feb 14 5000/ 24 days working day and 25 days working day month like june13 in oneday absent 23 & 24 days working june13 pay only4808/ dec 13 5000/ 27 days working if oneday absent 26 days working pay only4808/ note: all sunday holiday loss of pay only divided by 26 for the gross salary. regs kos attribution
Types of salary calcuations and leave
Hi seniors i am newly joined hr assistant in private co. having around 150 employes. regarding the salary calculation my company follows 26 days calculation and they have excluded weekly off s and they are giving el after the completion of 240 days. and they ve divided only three parts as salarybasic da other allowance adhering he local minimum wages act. example : whatever the total days for that month coming we derive the payable days calculation as below for assume a person receving rs.5000 bp2500da550oa1950 payable days 26 absent or los of pay here the weeklyoff or national holidays and el days are excluded total bp 2500/26 payable days if a person joins or left in between in a month payable days 26 total days presenteldaysnational holidays here the weeklyoff or national holidays and el days are excluded total bp 2500/26 payable days if i asks for reasons whatever the rule forgot it do follow what we maintaining from the begining. here i m not justfied. hence i would like to know that the above said calculations were correct or not as per the law? is any other types of salary calculation or types of leave is there? please let me know. please help me in this regard and expecting your valuable feedbacks regards elavarasan