Suresh Ramalingam
Legal, Hr & Compliance
Limaye.kedar
Working As Sr. Officer - Hr & Admin
RadhiCh
Hr Executive

Hi Friends,
Can anybody let me know the implications of calculating salary from 20th to 21st and payment of the same on 1st of the coming month?
For example, salary will be calculated from 21st May to 20th of June and will be paid on 1st of July.
Please let me know the implications of the same.
Looking forward for an early reply
Radhi

From India, Hyderabad
You can go ahead ...no issues...only remember for calculation of salary for the particular month to be as per below:
a) for May : present days(including paid leave) / 31
b) for june : present days(including paid leave) / 30
best regards,

From India
Hi,
Its for convenience of processing the salary on 1st of next month, we consider this attendance cycle. There is no legal issues as such, but you need to keep a trac on the attending days of an employee during 22nd and 31st any month. Since if you transfer the salary for an employees who leaves on a day before the last day of the month, you will lose 1 day salary(if no settlement is payable to him). And also you should be careful on remittance of ESI & PF for employees leaving between the above cycle. Other than this you need to maintain leave register as per the actual days and not on the attendance cycle.
Rgds,
Suresh Ramalingam

From India, Mumbai
Hi Radhi,
Calculating salary by this no problem, only check following things
1. You have to very careful with the attendance.
2. Leave Regularization for days after 21st of every month.
3. also check the no of days in that month.
4. Check their OT or other incentives if any ( Group incentive, production incentive)
so hope this will help you.
Kedar

From India, Pune
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 @ 2021 Cite.Co™