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Loss of pay
Sir i submitted an application to my correspondent i work in an aided education institution in karnataka for loss of pay leave citing the reason as not able to bear the torture given by the head master. the corespondent has signed on the application and a copy of it was given to me. and i am not attending to my duty from the day i applied leave on loss of pay. what will be the consequance?
Epf calculation - if an employee joins mid-month and/or has absenteeism leading to loss of pay
Regarding if an employee joins midmonth and/or has absenteeism leading to loss of pay then while calculating epf for employee and employer should it be on the basis of ctc or on fixed gross? for example suppose an employee has 30k per month as ctc and the employee epf amount is fixed at a statutory ceiling of rs 1800 per month leading to a fixed gross of rs 28200. then the total epf deduction employeeemployer is rs 3600. if they have attended for only 50 of the payroll period then if ctc becomes rs 15k per month and employee epf becomes rs 1692 per month leading to a fixed gross of rs 14100 the employer epf becomes rs 900 which does not match the employee epf. if the employer epf has to increase then the fixed gross will be reduced keeping ctc constant. so in this situation what should be done? my scenarios are: 1. employer pays only rs 900 2. the ctc is kept fixed and a recalculation is done to ensure employee and employer contribution matches leading to 50 ctc but <50 fixed gross 3. employer pays the extra epf from out of their own pocket as an additional cost which is the proper recourse out of these three scenarios?
Loss of pay calculation
Hi i have a doubt whether to deduct loss of pay from the gross salary or from the basic pay? please clarify. thanks. regards nithya
Loss of pay - am confused ??
Dear members i have gone through some of the threads on loss of pay. and now i m confused:?: in my organization there are 3 situations when the employee has loss of pay: 1. lates 2. availing leaves after his/her paid leaves have exhausted. 3. some disciplinary nonconformity what i have gathered is that the loss of pay affects all the components of the salary and also the pf calculation. but does it apply to all the above 3 situations. in one of the threads i read that for pt 2 i.e. loss of pay on leaves only affects the basic and da. i would request all of you to bring in some clarity. also the salary components here are: basic 40 of gross hra 50 of basic conveyance rs 800 / spl allowance and metro city allowance balance please help :confused: thanks in advance sukanya
Leave calculation - friday to monday (loss of pay) - should i consider sunday as a loss of pay or weekly off?
Dear senior i have a query related to leave calculation: let s say an employee is on leave for a week from monday to next monday and he has 4 leave balance how to calculate his salary after adjusting his leave? monday to thursday adjusted from his leave balance friday to monday loss of pay should i consider sunday as a loss of pay or weekly off? note: let s consider 30 / 31 / 28 days as the basis for salary computation
What will be correct procedure for loss of pay calculation?
I if take 2 days leave on per month daily wages calculation based on no of working days or total days in a month. if based on no of working days say 26 then loss of pay will be higher if based on total days in month loss of pay will be less. what will be correct procedure for loss of pay calculation? could you kind enough to help me on loss of pay calculation?