Hello Professionals,
I recently got appointed as a Hr in IT Company,
In my company , there is no standards and policies follower previously by HR.
We started providing Payslips from feb 2013,
My actual Problem is that
While generating Employee salaries we follow the Hour to calculate
When comes to pay slip we provide by days.
I am totally confused and Is it the correct way
they calculate Basic as 50% of Actual
HRA as 40% of Basic
Medical Expense as 40% of HRA
Conveyance as 40% of HRA
Special Allowance 70% of HRA
they are providing medical expenses every month and deducts professional tax according to the total earnings
Is it the correct way?
when comes to the calculating the hours -- they calculate only working days and working hours per day.
for eg: 23 total working days and 9 hrs per day then it would be 207 hrs on that particular month. If some one comes 2 hrs late then they calculate 207-2= 205
I got a issue that the person salary is 22000 per month where they came only 22 days instead of 23 days
the calculations would be 22000/207 = 106.28 Per hr salary
If so they need to get 21043.48
But while crediting the salary my MD credited 21500 in there account
How should i Show the net pay as 21500 in pay slip?
will the Basic salary get effected or any other
Your replies will help me
From India, Hyderabad
6I recently got appointed as a Hr in IT Company,
In my company , there is no standards and policies follower previously by HR.
We started providing Payslips from feb 2013,
My actual Problem is that
While generating Employee salaries we follow the Hour to calculate
When comes to pay slip we provide by days.
I am totally confused and Is it the correct way
they calculate Basic as 50% of Actual
HRA as 40% of Basic
Medical Expense as 40% of HRA
Conveyance as 40% of HRA
Special Allowance 70% of HRA
they are providing medical expenses every month and deducts professional tax according to the total earnings
Is it the correct way?
when comes to the calculating the hours -- they calculate only working days and working hours per day.
for eg: 23 total working days and 9 hrs per day then it would be 207 hrs on that particular month. If some one comes 2 hrs late then they calculate 207-2= 205
I got a issue that the person salary is 22000 per month where they came only 22 days instead of 23 days
the calculations would be 22000/207 = 106.28 Per hr salary
If so they need to get 21043.48
But while crediting the salary my MD credited 21500 in there account
How should i Show the net pay as 21500 in pay slip?
will the Basic salary get effected or any other
Your replies will help me
From India, Hyderabad
Dear Friend,
Though the concept of calculating salary in your Organisation is quite unique.
From your above-mentioned information it seems you have paid wrong salary to employee. Why you wish to change the salary slip of employee when you have paid a wrong amount to him? This doesn't seem clear. On salary slip, you should mention the correct amount payable to him are per workings days due on him so as to communicate to the employee that he has been paid an excess amount by mistake which either he may give you back immediately else you may recover the same in the next payroll cycle.
Changing salary slip is not an ideal way.
Warm regards,
Umesh Chaudhary
(welcomeumesh@yahoo.com)
From India, Delhi
Though the concept of calculating salary in your Organisation is quite unique.
From your above-mentioned information it seems you have paid wrong salary to employee. Why you wish to change the salary slip of employee when you have paid a wrong amount to him? This doesn't seem clear. On salary slip, you should mention the correct amount payable to him are per workings days due on him so as to communicate to the employee that he has been paid an excess amount by mistake which either he may give you back immediately else you may recover the same in the next payroll cycle.
Changing salary slip is not an ideal way.
Warm regards,
Umesh Chaudhary
(welcomeumesh@yahoo.com)
From India, Delhi
Dear Umesh,
First of all Thank you for your response
What you said is correct we paid wrong amount, My MD said the same
I am asking How Should i show them in payslip
According to there working hr it must be 21043
But i have to show it as 21500 as Net Pay
After deductions 200
another Doubt is the Basic Pay and also the allowances will effect if i pay them 21500 instead of 22000
From India, Hyderabad
First of all Thank you for your response
What you said is correct we paid wrong amount, My MD said the same
I am asking How Should i show them in payslip
According to there working hr it must be 21043
But i have to show it as 21500 as Net Pay
After deductions 200
another Doubt is the Basic Pay and also the allowances will effect if i pay them 21500 instead of 22000
From India, Hyderabad
Hi Feeba,
In simple words, the employee is eligible for a payment of Rs. 21,043/- however being paid Rs. 21,500/-, the question is about showing Rs. 457/- in the payslip, right ?
Is it not possible to show Rs. 457/- as other earnings or incentives or arrears ?
From India, Pune
In simple words, the employee is eligible for a payment of Rs. 21,043/- however being paid Rs. 21,500/-, the question is about showing Rs. 457/- in the payslip, right ?
Is it not possible to show Rs. 457/- as other earnings or incentives or arrears ?
From India, Pune
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Pay Slip with Auto Calculations.xl s
Sample of Pay Slip.zip