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Esic percentage while calculating monthly salary of an employee
Hi i have seen one of your comment related to salary breakup..which you have explained through 1 example and in that you have showned the formula for calculating monthly esic is 1.75 of basic. but actually we are using this formula i.e. esic 1.75of total earnings. here i got confused. please explain.
Over-time calculation
Dear all here i am attaching the sheet which may help you in calculation of overtime. in the first sheet you have to just put the in and out time of the employee. based on the working hours you can list the overtime or the lacking of time in the mentioned collumn. the overtime will be calculated which is more than 8:00 hrs. while the another sheet helps in calculating the monthly overtime hours of the employees. just go through the attachment
How many days to be taken into account while calculating monthly salary to daily wages?
Can some one pls clarify on following: how many days to be taken into account while calculating monthly salary to daily wages? whether we can pay salary for public holidays or not ? if we can pay 26 days salary in a month irrespective of no of working days pls quote me circular to that extent
Calculating monthly conveyance
Hi friends can anyone send me format for calculating monthly conveyance for staff if any one use his own / company vehicle 2/3/4 wheelers. regards rc saklani.
Salary calculation based working hours - what we can do in case of the public holiday which needs to be paid?
Hello our company has flexible working hours. any employee needs to complete their per day working of 8 hours. in case on any day he is unable to cover the complete 8 hours then it can be covered on the next day or later at any time. ultimately at the end of the month we generate the salaries based upon the total number of working hours they worked. now in case i ll calculate the salary as: one hour salary otal number of working hours in a month. ex: rs.10000/ 240 hours rs. 41.66 now the employee worked for 26 days only means a total of 208 hours excluding sundays. so the salary should be per hour salarynumber of working hoursmonthly salary 41.66208 rs.8666 here the employee never took the leave still getting paid for less salary. so in this case either we can add 4 days or 32 hours of extra pay every time in his salary which will suffice his sundays too. because ultimately we want to pay our employees for sunday too. so my question is in this case do i need to add 4 days extra pay for every employee in every month or is there any other solution we have for this ? and what we can do in case of the public holiday which needs to be paid.
Re: salary calculation for the month of february
Hello for monthly rated employees you can have a policy of calculating 30 days as a month for all months. it has an impact on calculating loss of pay leave leave encashment and ot or if a person joins in between for calculating salary for the period. i had been following 30 days formula on all months. you can even think in terms of arriving at a days salary by dividing by 365 days or 366 days. but i still will advise using 30 days. siva