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The formula for calculation of earned leaves(els)
Hi friends iam having one query about calculation of elsactually the formula for calculation of els is basic salary/26 no. of leaves ...in that why we should divide basic salary with 26 particularlyi thought that 26 is the working days in a month..but i want clear explanation on it ..can any one help me in this regard...
What is the formula for calculation of earned leave?
Dear seniors what is the formula for calculation of el s? basic / 26 x no.of el s if the above formula is correct pls provide any valid document from act stating the above formula is correct. regards
Gratuity formula calculations format as per tentative details - xls download
This excel is for understanding the gratuity calculation which is a tentative calculation to find the amount for gratuity when person left from the organisation. or we say at the time of full and final settlement. formula : last drawn salary/2615no of yrs service. rules : 1 which consist of minimum 5 yrs service as per gratuity act 1972. and if person complete more than 6 month then its consists 1 year. 2 but the person who is minimum 4 yrs & 8 month service is consider as "0" zero years of gratuity service. 3 and if his is work for 4 yrs & 8 month and more but less than 5 yrs then also he is consider as 5 yrs of services for gratuity is applicable.
Basic salary for gratuity calculation - employee who has basic salary e.g 45,000 (basic +da) but his basic is restricted to pf as 15,000?
Hello hr professionals i would like to implement gratuity benefits for our employees as per the payment of gratuity acts 1972. as per the act gratuity formula is no of years of services last drawn basicda15/26. i have some doubts regarding the same how we will consider basic for calculation in case of any employee who has basic salary e.g 45000 basic da but his basic is restricted to pf as 15000? which basic needs to be considered while calculating his gratuity. please explain.
Salary calculation formula
Hello everybady.... please send me complete formula for calculate salary. ex. i just want to give net 60000 salary p.m. to my employee. so how to calculate all the taxes? how to generate salary? i m very confuse about salary calculation. thank you. regards sanjay pansuriya sanjaypansuriyagmail.com
Required formula
Hi i am doing salary in exel and facing problem regarding pf calculation we have fixed our basic 6500 for 30 days whose employee salary more than 6500 and calculating pf and put formula on same but when employee having amount less than 6500rs and present day 15 days then what formula we should put for it regards dilip