Dear All, I don’t think the calculation should be on no. working days. If we are making calculation in march for 30 days then in feb also we can calculate it for 30 days also. Regards, Minal
From India, Pune
From India, Pune
the regular employees wages shall be calculated by 26 as per minimum wages act in the month of February also am i right?
From India, Bangalore
1From India, Bangalore
As per rule a daily wage workers, if he has worked for six days continuously, he shall be paid one day extra salary for seventh days i.e. sunday or monday whichever days your company has decided that it will be closed holiday. As per rules no employer can take work for more than 48 hours a week. He has to give break ( closed holiday) for one day after completion of 48 hours @ 6 hours a day with recess of half an hour every day. When an appointment is on monthly basis employer has to pay salary for 30 days which includes four rest days or closed holidays the so called sunday. In shops the weekly off days may be monday, tudesday,wednesday as the case may be with the consultation with chamber of commerce, Govt. authorities.
For daily wage workers who has worked for say 46 days, for first 30 days he will get full salary and for remaining sixteen days it will be calculated by dividing total wage (basis+ DA) divided by 26 and multiplied by 16. For example if monthly salary is 4000 it will be 4000/26*16. You can take reference from the Form VI issued by appropriate Govt. for engaging contract, daily wage employees. You can also get this reference from the Govt. Notification by respective labour department fixing minimum wages for skilled, unskilled,skilled, highly skilled workers.
From India, Calcutta
For daily wage workers who has worked for say 46 days, for first 30 days he will get full salary and for remaining sixteen days it will be calculated by dividing total wage (basis+ DA) divided by 26 and multiplied by 16. For example if monthly salary is 4000 it will be 4000/26*16. You can take reference from the Form VI issued by appropriate Govt. for engaging contract, daily wage employees. You can also get this reference from the Govt. Notification by respective labour department fixing minimum wages for skilled, unskilled,skilled, highly skilled workers.
From India, Calcutta
[QUOTE=kothapalli777;1062726]hi jaspreet,
you are absolutely right cal. on no. of working days during the perticular month.
NO...JASPREET AND
NEELIMA WHAT DINESH HAS MENTIONED IS CORRECT ..BECAUSE SALARY IS GIVEN ON MONTH BASIS STANDARDISE TO 30 DAYS..NO MATTER FEB..HAS 28 DAYS OR 29 DAYS..
From India, Delhi
you are absolutely right cal. on no. of working days during the perticular month.
NO...JASPREET AND
NEELIMA WHAT DINESH HAS MENTIONED IS CORRECT ..BECAUSE SALARY IS GIVEN ON MONTH BASIS STANDARDISE TO 30 DAYS..NO MATTER FEB..HAS 28 DAYS OR 29 DAYS..
From India, Delhi
It is to be intimated to whosoever concern that the calculation of salary on the basis of no. of days like feb, 28 days or 29 days.....OR a standard 30 days to be taken into account varies from organization to organization..
This is what my belief is and I accede upon that as well, as per my experiences had been into various organizations.
So please this is a humble request to evrybody that what I have posted in my previous postings is not fully being followed by each and evry organization, pertaining to no. of days in a month (28, 29 OR 30), but varies from organization to organization.
From India, Delhi
This is what my belief is and I accede upon that as well, as per my experiences had been into various organizations.
So please this is a humble request to evrybody that what I have posted in my previous postings is not fully being followed by each and evry organization, pertaining to no. of days in a month (28, 29 OR 30), but varies from organization to organization.
From India, Delhi
Please refer Following It might helpfull to You.
Link: https://www.citehr.com/234112-salary...ml#post1062605
Please find new version of Salary Master with new Feactures..
Totally Usefriendly program.
You can enter your Company name,Address,Department,Designations
You can set Categoeries of Fixed earning-Other Earning-Fixed deduction-Other deduction in Salary Slip.
You can set limit of ESI,P.F,Income Tax Slab for Man and Woman,Surchage setting,Professional Tax.
Program is Designed on Two mode
(1) In Auto mode salary slip will be generated as per Your predefined data given in "Company Detail Sheet"
(2) In Manual mode Salary Slip will be generated as per Manual detail given by You.It will not concern with the data given by you in "Company detail sheet"
Ex: We need to generate salary for Regular Employee as per company Policy for that You may put this employees on Auto mode and it will generate Salary slip as per your predefined data (If Basic is 25% of Gross than auto calculate it)But Some Employees are Temperaroy or We don't Follow Rules as per Regular employee so that This Type of Employee Put on Manual mode and enter your Data manually(here You have manually enter Basic and other details).
Software Contains:
1-Attendance Register.
2-Payroll Register.
3-Generate Salary Slip.
4-Track Employees' Leave history.
5-Track Income Tax of All Employee.
6-Print out Leave History of Employee.
7-Overtime Monitor.
8-Master Data sheet of All Employees.
9-Leave Calculation sheet.
10-ESI Calculation(Set Your Requirements)
11-P.F Calculation
(Here there are Two Options one is if Basic<=6500 than Basic*12% otherwise 6500*12%
Second is 12% of Basic)
12-Pension Scheme (not more than 541 rs submission)
13-TDS Calculation
14-Annual Salary statement of Employee and Employer
15-Employer Monthly Salary statement
16-Income Tax Calculations
17-Generation of Form No-6 (For ESIC)
18-Generation of Form no-3A (PF)
19-Generation of Form no-6A(PF)
Limitation: You have monitor Leave of employee each month when It goes minius Red indication is glow on that cell so You have to Put it on LWP otherwise minus leave will effect on salary sllip generation.
Requied Attention: Please be vigilant about Auto and Manual mode and P.F Selection.
If You find this is useful for You than Don't miss to deop Thanks...
From India, New Delhi
Link: https://www.citehr.com/234112-salary...ml#post1062605
Please find new version of Salary Master with new Feactures..
Totally Usefriendly program.
You can enter your Company name,Address,Department,Designations
You can set Categoeries of Fixed earning-Other Earning-Fixed deduction-Other deduction in Salary Slip.
You can set limit of ESI,P.F,Income Tax Slab for Man and Woman,Surchage setting,Professional Tax.
Program is Designed on Two mode
(1) In Auto mode salary slip will be generated as per Your predefined data given in "Company Detail Sheet"
(2) In Manual mode Salary Slip will be generated as per Manual detail given by You.It will not concern with the data given by you in "Company detail sheet"
Ex: We need to generate salary for Regular Employee as per company Policy for that You may put this employees on Auto mode and it will generate Salary slip as per your predefined data (If Basic is 25% of Gross than auto calculate it)But Some Employees are Temperaroy or We don't Follow Rules as per Regular employee so that This Type of Employee Put on Manual mode and enter your Data manually(here You have manually enter Basic and other details).
Software Contains:
1-Attendance Register.
2-Payroll Register.
3-Generate Salary Slip.
4-Track Employees' Leave history.
5-Track Income Tax of All Employee.
6-Print out Leave History of Employee.
7-Overtime Monitor.
8-Master Data sheet of All Employees.
9-Leave Calculation sheet.
10-ESI Calculation(Set Your Requirements)
11-P.F Calculation
(Here there are Two Options one is if Basic<=6500 than Basic*12% otherwise 6500*12%
Second is 12% of Basic)
12-Pension Scheme (not more than 541 rs submission)
13-TDS Calculation
14-Annual Salary statement of Employee and Employer
15-Employer Monthly Salary statement
16-Income Tax Calculations
17-Generation of Form No-6 (For ESIC)
18-Generation of Form no-3A (PF)
19-Generation of Form no-6A(PF)
Limitation: You have monitor Leave of employee each month when It goes minius Red indication is glow on that cell so You have to Put it on LWP otherwise minus leave will effect on salary sllip generation.
Requied Attention: Please be vigilant about Auto and Manual mode and P.F Selection.
If You find this is useful for You than Don't miss to deop Thanks...
From India, New Delhi
please note :
any month any days are there if attendence is full then it will calculated on total days of a particular month. if 31 days are there it will be calculated on 31 days basis, if 30 days are there then calculation will be on 30 days if it is 28 days then calculated on 28 days basis.
From India, Delhi
any month any days are there if attendence is full then it will calculated on total days of a particular month. if 31 days are there it will be calculated on 31 days basis, if 30 days are there then calculation will be on 30 days if it is 28 days then calculated on 28 days basis.
From India, Delhi
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Salary working format.xls