Hi Kavee_ta
I am HR in a construction company in Pune.We have our power plant project doing in Raipur and Cement silo project in K'taka.Kindly let me know if you or any of your collegue is interswted.
For more details kindly contact on
From India
I am HR in a construction company in Pune.We have our power plant project doing in Raipur and Cement silo project in K'taka.Kindly let me know if you or any of your collegue is interswted.
For more details kindly contact on
From India
Very useful discussion thread. I need to know when we are deducting salary on account of LWP, do we in that case take 30/31 days or 22 days( we have 2 days weekly off)?? Salary is paid monthly.
Kind regards,
Anjali Verma
From India, Delhi
Kind regards,
Anjali Verma
From India, Delhi
Hi...
Taking the calculations by Manish as below:
"For example one employee monthly salary/wage is 6000/-per month and in any month(30days) he worked 15days and avail 2 leave with wage and 4 w/off then total pay days is 21days. Now we calculate their salary by dividing 30days
paid salary=6000-(6000/30)*(30-21)=6000-200*9=6000-1800=4200
Now dividing by 26 days
paid salary=6000-(6000/26)*(26-17)=6000-230.76*9=6000-2077=3923"
What is really the correct practice as per law?
As we refer Sumit " minimum wage of any state you will find the avarage daily wage is calculated by basic+da/26 instead of 30, 31, 28 or 29 days"; the wages rate calculation based on "basic+da". So how one can calculate salary including various allowances on months basis?
Does the terminology Minimum Wages Rate have the symbolic importance to derive a figure and place it on the board usually placed in the front of the office as per the requirement under the shop act.
Dear experts please unbundle the jugglery of min wages rate.
From India, Jaipur
34Taking the calculations by Manish as below:
"For example one employee monthly salary/wage is 6000/-per month and in any month(30days) he worked 15days and avail 2 leave with wage and 4 w/off then total pay days is 21days. Now we calculate their salary by dividing 30days
paid salary=6000-(6000/30)*(30-21)=6000-200*9=6000-1800=4200
Now dividing by 26 days
paid salary=6000-(6000/26)*(26-17)=6000-230.76*9=6000-2077=3923"
What is really the correct practice as per law?
As we refer Sumit " minimum wage of any state you will find the avarage daily wage is calculated by basic+da/26 instead of 30, 31, 28 or 29 days"; the wages rate calculation based on "basic+da". So how one can calculate salary including various allowances on months basis?
Does the terminology Minimum Wages Rate have the symbolic importance to derive a figure and place it on the board usually placed in the front of the office as per the requirement under the shop act.
Dear experts please unbundle the jugglery of min wages rate.
From India, Jaipur
Dear Mr.Jain
The correct practice to arrive at the daily wages of a monthly rated employee according to law and approved by the Honourable Supreme Court in Jeewanlal's case is to divide the monthly wages by 26 and not by 30.
With regards
From India, Madras
The correct practice to arrive at the daily wages of a monthly rated employee according to law and approved by the Honourable Supreme Court in Jeewanlal's case is to divide the monthly wages by 26 and not by 30.
With regards
From India, Madras
Dear Mr. Harikrishnan
Can we clarify ourself that the matter is to calculate the daily wages of a monthly rated employee is to divide the monthly wages by 26 and not by 30. But as far as the monthly wages calculation is concerned; it should done in the usual manner i.e. as illustrated below:
"For example one employee monthly salary/wage is 6000/-per month and in any month (30days) he worked 15days and avail 2 leave with wage and 4 w/off then total pay days is 21days. Now we calculate their salary by dividing 30days
paid salary=6000-(6000/30)*(30-21)=6000-200*9=6000-1800=4200"
Please comment on above to clarify.
Can we clarify ourself that the matter is to calculate the daily wages of a monthly rated employee is to divide the monthly wages by 26 and not by 30. But as far as the monthly wages calculation is concerned; it should done in the usual manner i.e. as illustrated below:
"For example one employee monthly salary/wage is 6000/-per month and in any month (30days) he worked 15days and avail 2 leave with wage and 4 w/off then total pay days is 21days. Now we calculate their salary by dividing 30days
paid salary=6000-(6000/30)*(30-21)=6000-200*9=6000-1800=4200"
Please comment on above to clarify.