Dear All,
How do you calculate salary for a person who has joined duty on the 18th of Feb 09. We have paid him for 11 days that he has attended office (18-28th Feb).
Normally is salary paid to the employee on the no. of days he has attended office or we deduct the 18 days sal from his net pay and pay him the balance.
for ex:
Net Salary Rs. 8000
pay for 11 days = 8000/30*11= 2933.33/- or
Net salary Rs. 8000
=8000/30*17=4533.33-8000= 3466/-
Do we pay him 2933 for 11 days that he has worked or Rs. 3466 after deducting 17 days pay.
Which calculation is normally practiced? We are a small company and this doubt has arised.
Pls explain.
Thanks
How do you calculate salary for a person who has joined duty on the 18th of Feb 09. We have paid him for 11 days that he has attended office (18-28th Feb).
Normally is salary paid to the employee on the no. of days he has attended office or we deduct the 18 days sal from his net pay and pay him the balance.
for ex:
Net Salary Rs. 8000
pay for 11 days = 8000/30*11= 2933.33/- or
Net salary Rs. 8000
=8000/30*17=4533.33-8000= 3466/-
Do we pay him 2933 for 11 days that he has worked or Rs. 3466 after deducting 17 days pay.
Which calculation is normally practiced? We are a small company and this doubt has arised.
Pls explain.
Thanks