Dear Members,
I have gone through some of the threads on loss of Pay. And now I'm confused:?:
In my organization, there are 3 situations, when the employee has loss of Pay:
1. Lates
2. Availing leaves after his/her paid leaves have exhausted.
3. Some Disciplinary non-conformity
What I have gathered is, that the loss of pay affects all the components of the salary and also the PF calculation.
But does it apply to all the above 3 situations. In one of the threads I read that for pt 2 i.e. loss of pay on leaves, only affects the Basic and DA. I would request all of you to bring in some clarity.
Also the salary components here are:
Basic - 40% of Gross
HRA - 50% of Basic
Conveyance - Rs 800 /-
Spl allowance and Metro city allowance - Balance
Please help :confused:
Thanks in advance
Sukanya
I have gone through some of the threads on loss of Pay. And now I'm confused:?:
In my organization, there are 3 situations, when the employee has loss of Pay:
1. Lates
2. Availing leaves after his/her paid leaves have exhausted.
3. Some Disciplinary non-conformity
What I have gathered is, that the loss of pay affects all the components of the salary and also the PF calculation.
But does it apply to all the above 3 situations. In one of the threads I read that for pt 2 i.e. loss of pay on leaves, only affects the Basic and DA. I would request all of you to bring in some clarity.
Also the salary components here are:
Basic - 40% of Gross
HRA - 50% of Basic
Conveyance - Rs 800 /-
Spl allowance and Metro city allowance - Balance
Please help :confused:
Thanks in advance
Sukanya