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Dear Folks, Please share the payroll calculation format in excel when there is a salary cut (50%)due to COVID 19 outbreak. Will, there be any change in the gross salary OR it will be calculated on net take-home after the necessary deduction.
For Example- employer decides to pay his employee 50% of his gross salary per month till diwali'20. pls help me out with the below question-
1. what will be his gross salary?
2. if will keep 50 k as this gross salary, then 25 k will shown as what for the accounting purpose in the salary sheet.
3. how pf, esic and other statutory deductions will take place.

From India, Mumbai
Dear Sneha-Rawat ji,
The questions which you asked needs to understand from the point of various perspectives. Also you need to follow the directives of H'ble SC to arrive at MOS with your employees.
For this you need to hire the services of qualified expert. You can approach me through the email given below.

From India, Mumbai
Thanks for your valuable feedback.
Just would like to know the basic practice/formula to be followed while doing salary calculation where the pay cut is 80 % or 70% due to covid 19 outbreak.
Regards,
Sneha

From India, Mumbai
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