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Monthly salary to be divided by 30 or 26 days??
Dear all i have come across an interesting situation as follows: our employees are permanent employees employed for a specific monthly salary. on the pay slip it is shown that the employee has worked for 26 days and 4 week offs. the labour inspector is saying that we cannot divide the salary of employee by 30 days and it need to be divided by 26 days. the logic he is giving is as per law after working for 6 days the employee is entitled for 1 day week off and hence we cannot claim that we are paying for the employees week off day also. if i divide the monthly salary by 26 days then daily rate of wages go high. what is your opinion???
Any std no of days in a month for salary calculation?
I am working in an it company with a strength of 50 approx. do companies follow a std no. of working days while calculating salary? mostly salaries are calculated based on the formula: monthly grossno. of days present/26 generally 26 working days are considered. but then is it 26 working days for 31 days month & 25 for 30 days month what about feb? and also what about national holidays? all your comments and suggestions will be highly appreciated. regards manidipa hr manager
Salary calculation
Dear all i a on i am the to the of days in like of days in x no of days but i want to know that how to the for 26 days in some of the the for 26 are not on no. of days on that i hope some one must help me. shoeb.hrgmail.com
What is the format to calculate salary - on 26 days or 31 days?
The employees monthly salary calculating 26 days or 31 days because the working days only 26 in a month but one month is a 30 days what is the format to calculate salary?
26 days calculation
Hello greetings for the day i would like to know that if we are doing f&f or leave encashment at that time we consider 26 days for the calculation so my question is that why we can not consider 30 days instead of 26 days. any logic behind 26 days. thanks parimal
Formula for encashment of els on 30 days or 26 days. and if it is on 26 days then why it is so?
Hi can somebody let me know that el are encashable on 30 days or 26 days. and if it is on 26 days then why it is so? regds mohit