daya-madhu
Can anybody help me please with the below problem.
As of now we are making the payroll process from 1st to 30 or 31st of every month and paying salaries by 10th. I would like to suggest the company to pay salaries by 1st of every month by calculating attendance from 26th - to 25th.
I have a problem in the first month where i need to process salaries from 1st to 25th, that is for 25days only and how should i consider rest 5 days in this month, and will there be any problem in statutory procedures.
Thansk & Rgards
L. Dayakar Reddy

From India, Hyderabad
p ramachandran
63

First month you can pay the salary for (fully) by considering the attendance of first 25 days as having cut off date till25th. next month onwards 26th to 25th cutoff you can have. But the main thing you should note here that 'no employee should think that you are giving salary only for 25 days.' The second main thing is a good track in attendance maintenance should be made in respect of each employee.
From India, Madras
luvangel
Hi,
In this scenario you can consider the cut off date as 25th of a month and the rest [5 or 6 days in a month]can be marked as present for all the employees.
During the salary processing of the next month one can adjust the absentissm if any[keep the records so that you can explain the same to the employees when they will approach you]
I follow the same method this way you pay the employee for the entire month, the salary disbursement is done by 30th,31st or latest by the 1st of the month
In case of absentissm or leave without pay the same is adjusted in the next month.
So win win situation in all
Note : In case an employee leaves the company the sane can be adjsuted from his/her full and final settlement.

From India, Mumbai
Chidambaraguru
Dear
The frist month of the year we will take 26 days and after the contunie the mont 25 to 26 follow the all elveen months the last 12th mont we will agan colculate the full month but till the whole year we will cheek the 5 or 6 days as present or leave if any absent the absent will take count on the contiune month
thanks

From India, Tirunelveli
rajeev.mtr@rediffmail.com
5

Dear L.Reddy,
i am also following the same process and i am sure this is the good practice.
you just count the working days from 1 to 25 of current month but provide the salary from 1 to 30 and any deduction for 26 to 30 should be taken in account in next month. if any employee has been left then adjust the amount from full and final settlement.

From India, Agra
Chidambaraguru
dear
The first month ie jan you can take 1 to 25 but the salary A/c it take 30 days 25 th to 30 if any one take leave it will adjust the next month leave and like this you do the next months in last dec month you take full month ie1 to 30 it will come correct

From India, Tirunelveli
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.