Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Dear Seniors
Can u please help me for the below mention query.
For the workers who are paid wages. The calculation is made for 26 working days in a month.
When the number of working days are more or less than 26 days then in that case how the calculation should be done.
Regards
Punam

Dear Punam
For workmen the concerned State Government or if it is a factory the Central Government will be fixing the wage rate by way of calculating the CPI or Cost of Living Points from time to time and that will be calculated by fixed wages and variable pay divided by 26 (No of working days per month average) and fix the daily wage rate.
If the working day + Paid holiday comes around 24 or 25 or 26 or 27 No need to have more calculations please multiply no of actual working days+Paid holidays with Wage rate you have derived. This is the Basic Wage (You can deduct the 12% PF from Basic Wage). If a person works for more than 8 hrs calculate No of OT hours worked and multiply the same with wage rate/4 for double OT Calculation.
If a person becomes absent during the week you have to make 1 hours as single OT for the remaining no of days present in the week.
I think this is enough for you to make your wage sheet.
Wishing you all the best
With warm regards
S. Bhaskar
9099024667

dear
see we will calucate the salary bassed on mandays ok . IN EVERY MONTH IT WILL COME 26 ONLY ,IF IT COMES 24 OR 25MEANS U WILL HAVE PAYED HOLIDAYS OK. ACTUAL WE FIX FOR 26 OK BUT IN DEC WE SHOULD PAY 27. SO ONE DAY PAY MENT IS EXTRA .IF U DIDNT GET MEANS
MAIL ME

with regards
a.g.pavithra

make an average of total salary for 30days (if it is 26 working days or 31 working days)
For ex:
Rs. 6,000 is the pay for an employee, then it becomes per month is Rs.200
When the employee worked for more than 26 days i.e 2 days extra in a month (except 31daysmonths)then he will entitled with a salary of Rs.400 extra.
Now his salary for the month is Rs.6,000+ Rs.400

It means there is difference in salaries of workman and employees, according to working days. Is there any difference in the same? Hw much PF is deducted from basic as per government norms? Plz help
Hi
long back i faced one pf inspection in that time they pf inspector as suggested as

PF can be deducted 60% of Gross salary but not >6500 PF wages [ 6500 is govt selling ]
ex:
1. 15000 gross salary u can deduct PF for 6500 wages [pf is 780]
2. 8000 gross salary * 60% = 4800 PF wages [pf is 576]
Regards,
Vishwanath

Hi punam
u point out a very common but good qua. Actualy there not anaywhere that salary will be calculated on full month including holiday or no. of working days in some state like punjab it is on working days but in other places it is not clear
so salary wil be make on full working days like
A salary -1000
Working -26
W.Off- 04
Holiday -01
total ___________
x: 31
____________
Than : 1000/31*x
is the monthly salary of a excluding deductions
Best wishes
Bunti

Dear
I am giving simple method for your help.
Present days = 28
Monty =- Jan
For Exp xyz salary is Basic - 1000, DA -800, HRA 500, other - 1000
Formula is Basic/current month days * present days
Basci = * 28 = 903
Pf = basic +da+vda/100x 12%
Ptax = 5000 to 10000 = 120, above 10000 = 200 Rs. on gross
I am attaching herewith salary statement of xyz employees.
Any other details call me 9420649119,


Attached Files
File Type: xls salary sample.xls (15.0 KB, 8515 views)

Dear Poonam, Plz find the attachment for your query. In my opinion its good for your salary calculation. Please revert, if you find some ?. Regards, Sachin.

Attached Files
File Type: xls sample wage sheet and salary slip.xls (35.5 KB, 12590 views)
File Type: xls SAMPLE time sheet.xls (65.5 KB, 5782 views)

Dear seniors,
Please Let me know about the bonus calculations,salary calculations..
*Is the calculation based on accounting year or on per Annum.
*If it is on accounting year on which it is based and what is percentage for used in calculation.
*who fixes the wages Central Government or state government.
*As Per Government Norms is there any Particular percentages for calculating HRA,DA,TA,PF,ESI,Medical Issues etc., as salary statement
Plz...Can any one suggest me a book or a web site to go for further reference
with regards
Aparna Nanda



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™