Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
hi all,
Asper my knowledge is concern we commit to the employees on the basis of annual salary (eg; 2 lacs per annum).
variation in no of days in a month will not effect the month salary because when we talk about month salary we divide or multiply the salary with the same no of days.
Eg: for feb :
16600/28 *28 =16600
for March :
16600/31*31=16600
When we are dividing the salary with no.of days in a month we need to calculate no. of present days for that particular no.of days in a month.
Rgrds,
Annapurna.N


Hi if no of working days in a month is 18.How we calculate the salary. For salary calculatiuon which one we are consider basic or gross salary.
From India, Bangalore
You should consider the actual number of days as per the calendar month for the first month's pay calculation. Please find attached a short note illustrating the problem in using a fixed number of days (such as 30 or 31 for pay calculation).
The same logic applies for the calculation of last month's pay when an employee leaves an organization in the middle of a month.
T E Gautham
Tandem Integrated Business Solutions



From India, Madras

Attached Files
File Type: doc The30dayproblem-FirstMonthPayCalculation.doc (74.5 KB, 455 views)
File Type: doc The30dayproblem-FinalSettlementCases.doc (68.5 KB, 275 views)

It should be depend on the month 30 / 31 days only. if you have to calculate attendance, U have to final cut of days of every months & the payments due date. regards, Rajendra
From India, Mumbai
Hi
I'm in fully agreement to Mr. Sanjay Mistry, because we should take entire month days into consideration.
Firstly, its based on attendance cycle of the organisation.
Ideal calculation would be
Total no. of days in a month - Unpaid days = Paid days
Let me know in case further information required on the same.
Regards
Mithun Gupta

From India, Delhi
Dear All,
In our company i calculated the payroll on the total days in month i.e.
Mr. XYZ worked for 30 days in Nov-09, salary will be;
10000/30*30 = 10000
for example they worked for 28 days in the same month;
10000/30*28 = 9333
this is correct or not but in our company i am doing just like this.
plz suggest me.
thanks,

From Afghanistan
Dear All,
In our company i calculated the payroll on the total days in month i.e.
Mr. XYZ worked for 30 days in Nov-09, salary will be;
10000/30*30 = 10000
for example they worked for 28 days in the same month;
10000/30*28 = 9333
this is correct or not but in our company i am doing just like this.
plz suggest me.
thanks,
masadijaz

From Afghanistan
Hello Friends, Sunday will be excluded or included in the payroll Calculation.Plz, give me the details. Saurabh Shrivastava
From India, Bangalore
Dear swetha,
payroll calculation it depends on the monthly total days (i.e. example jan 31 days,feb 28 days,march 31 days.........) uoy sholud have to club both (working days+week offs)
Regards
Charvaka Reddy

From India, Hyderabad
hi swetha,
according to minimum wages we have to pay for 26 days,otherwise we have different in every month like 30, 31, or in febrauary 28 days, so 26 days is common and easy to workout, better than 30 or 31.
Regards
Bharath.S.R

From India, Madras

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™