Hello All, I want to understand - the basic salary will be changed if an organization has done a calculation based on the number of days of the month?
Suppose an organization provides 6000 basic salaries in an OCT(31 days) month. So it'll be changed for Nov month and Feb Month.
Month: Nov
Basic Salary (6000/31)*30 = 5806.45
Month: Feb
Basic Salary (6000/31)*28 = 5419.35
Could you please help me to understand?
Thank you.
From India, Surat
Suppose an organization provides 6000 basic salaries in an OCT(31 days) month. So it'll be changed for Nov month and Feb Month.
Month: Nov
Basic Salary (6000/31)*30 = 5806.45
Month: Feb
Basic Salary (6000/31)*28 = 5419.35
Could you please help me to understand?
Thank you.
From India, Surat
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
No, the basic salary or for that matter any other salary component will not change with the number of working days in a month. For working on all the days, inclusive of all fully paid leave, one is entitled to full salary irrespective of whether it is February, March or April or such other month. But the actual per day salary could vary on month to month basis depending on the number of working days. A standard month will have 26 working days.
From India, Mumbai
1515From India, Mumbai
Standard work days in a month are 26, or 27 or 25 in the month if feb.
Basic salary or fixed salary per month should not change for full month if ee present.
Calculate per day wage as per the total work days in a month and then calculated salary as per day x work days actually present.Weekly off are to be excluded.
From India, Vadodara
Basic salary or fixed salary per month should not change for full month if ee present.
Calculate per day wage as per the total work days in a month and then calculated salary as per day x work days actually present.Weekly off are to be excluded.
From India, Vadodara
@Vish
the dividing factor is number of calendar days in the specific month
ie for feb it would be 6000/28x 28*= 6000 * any absent would be deducted from the last part
for jan, march, may, july, aug, oct, dec would be divided by factor 31, and april, june, sept, nov would be by factor 30, february by 28 or 29 as the case may be
the dividing factor is number of calendar days in the specific month
ie for feb it would be 6000/28x 28*= 6000 * any absent would be deducted from the last part
for jan, march, may, july, aug, oct, dec would be divided by factor 31, and april, june, sept, nov would be by factor 30, february by 28 or 29 as the case may be
When you fix the salary at monthly rate and if an employee works for the entire month including Holidays, weekly off, authorised leave with wages/salary, the variation in the total no of calendar days in a given month is irrelevant for the salary calculation.
On the contrary, if there are certain days of unauthorised absence or leave on loss of pay in a month or encashment of earned leave as on any day in the month, for the purpose of calculation on pro rata basis of such items to be paid or deducted only, the actual no of days in the particular month has to be taken into account.
From India, Salem
On the contrary, if there are certain days of unauthorised absence or leave on loss of pay in a month or encashment of earned leave as on any day in the month, for the purpose of calculation on pro rata basis of such items to be paid or deducted only, the actual no of days in the particular month has to be taken into account.
From India, Salem
If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of our support system - Please Register and Log In to CiteHR.
Salary-Note.doc
SALARY SHEET CALCULATION.xls