Dear Reader,
I have following queries:
1.In my Company, Unions demand to divide the monthly salary by 26 to find out per day salary. We divide by 30 or 31 days . Which is correct?.
2. For leave encashment, the Management give BASIC+ DA which forms only 56% of gross salary. 44% is allowances which we exclude from salary calculation for above purpose. But when we deduct salary due to LOSS OF PAY Leave, we deduct salary of all allowances and BASIC+ DA. Unions demand the leave encashment salary based on BASIC+ DA+ ALLOWANCES. Which is correct?
Kindly reply.
I have following queries:
1.In my Company, Unions demand to divide the monthly salary by 26 to find out per day salary. We divide by 30 or 31 days . Which is correct?.
2. For leave encashment, the Management give BASIC+ DA which forms only 56% of gross salary. 44% is allowances which we exclude from salary calculation for above purpose. But when we deduct salary due to LOSS OF PAY Leave, we deduct salary of all allowances and BASIC+ DA. Unions demand the leave encashment salary based on BASIC+ DA+ ALLOWANCES. Which is correct?
Kindly reply.