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Ram Ahir
1

Dear All,
When I go through various threads relating to Salary Calculation Formula for Monthly Fixed Salary Cader employees, i come to know about major three formula as below:
1) Gross Salary / Total day in the concern month(i.e. 28,30 or 31)*day worked
2)Gross Salary / 30 Days (30 days standard for all month)*day worked
3)Gross Salary*12 /365*Day Worked
All above three formulas have their own merits & demerits. My query is :is there any legal base or statutory provision for any of above formula?
Note: i want to know this about Managerial cader and not workers
Kindly advise
Regards,
Ram Ahir

From India
Ram Ahir
1

Dear Seniors, Kindly advise!! I need you valuable suggestion for same Regards,
From India
Akhil.Gupta
137

For Daily wages - Daily wages * Days Present. For Monthly Wages - Gross Salary / Days in a month * Payable days.
From India, Kota
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