Hi All,
I have a query regarding leaves. My company is calculating salary based on working days, which is 20. If they calculate like this, LOP per day will be very high. Previously, they used to calculate salary based on calendar days, which is 30 days. However, if a person takes leave on Friday and Monday, they used to deduct four days' salary. Is this the correct method to calculate salary?
Please reply.
Regards,
Praveen
From India, Bangalore
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2I have a query regarding leaves. My company is calculating salary based on working days, which is 20. If they calculate like this, LOP per day will be very high. Previously, they used to calculate salary based on calendar days, which is 30 days. However, if a person takes leave on Friday and Monday, they used to deduct four days' salary. Is this the correct method to calculate salary?
Please reply.
Regards,
Praveen
From India, Bangalore
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Hi Praveen,
Leave calculation is correct, but Manpower days need to be calculated based on a 30 or 31-day month. We pay salaries on a monthly basis, so it's better to calculate salaries on a 30-day basis. This approach will be effective and beneficial for employees. Please consider this and proceed.
With cheers,
Pawan Krishna Reddy C.
From India, Hyderabad
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Leave calculation is correct, but Manpower days need to be calculated based on a 30 or 31-day month. We pay salaries on a monthly basis, so it's better to calculate salaries on a 30-day basis. This approach will be effective and beneficial for employees. Please consider this and proceed.
With cheers,
Pawan Krishna Reddy C.
From India, Hyderabad
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Dear friend, i think v will be calculating 26(excluding 4 sundays) working days taking 30 days per month. if it is calculated as this way i hope it will be helpful. Regards, sai prasad
From India, Hyderabad
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From India, Hyderabad
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Leave Encashment & Salary Calculation.xls x