Hi Seniors
i am newly joined hr Assistant in private co., having around 150 employes. Regarding the salary Calculation my company follows 26 days calculation and they have excluded Weekly off's and they are giving EL after the completion of 240 days. and they've divided only three parts as salary(basic, da, Other allowance) adhering he local minimum wages act.
(example :-
whatever the total days for that month coming we derive the payable days calculation as below for assume a person receving Rs.5000( bp2500,da550,OA1950)
payable days = 26 -(Absent or los of pay) ...................here the Weeklyoff or National holidays and EL days are excluded
Total BP = 2500/26* payable days
if a person joins or left in between in a month
payable days = 26 -(total days present+ELdays+National holidays) ...................here the Weeklyoff or
National holidays and EL days are excluded
Total BP = 2500/26* payable days
if i asks for reasons whatever the rule forgot it, do follow what we maintaining from the begining. here i'm not justfied. hence i would like to know that the above said calculations were correct or not as per the law?
is any other types of Salary Calculation or types of Leave is there? Please let me know.
Please help me in this regard and Expecting your valuable feedbacks,
regards
Elavarasan
i am newly joined hr Assistant in private co., having around 150 employes. Regarding the salary Calculation my company follows 26 days calculation and they have excluded Weekly off's and they are giving EL after the completion of 240 days. and they've divided only three parts as salary(basic, da, Other allowance) adhering he local minimum wages act.
(example :-
whatever the total days for that month coming we derive the payable days calculation as below for assume a person receving Rs.5000( bp2500,da550,OA1950)
payable days = 26 -(Absent or los of pay) ...................here the Weeklyoff or National holidays and EL days are excluded
Total BP = 2500/26* payable days
if a person joins or left in between in a month
payable days = 26 -(total days present+ELdays+National holidays) ...................here the Weeklyoff or
National holidays and EL days are excluded
Total BP = 2500/26* payable days
if i asks for reasons whatever the rule forgot it, do follow what we maintaining from the begining. here i'm not justfied. hence i would like to know that the above said calculations were correct or not as per the law?
is any other types of Salary Calculation or types of Leave is there? Please let me know.
Please help me in this regard and Expecting your valuable feedbacks,
regards
Elavarasan