Dear all,
I've been requested by the company to calculate employees' salary with 240 hour per month, which I don't know whether it is permissible by law, please kindly advise, thank you.
Example,
Method A
Basic salary: Rs. 30,000 per month
Attendence: 1 day absence in Feb
Salary for Feb: 30,000 / 240 hour * (240 - 8 ) = 29,000
Attendence: 1 day absence in Mar
Salary for Feb: 30,000 / 240 hour * (240 - 8 ) = 29,000
The past experience told me that it should be:
Method B
Basic salary: Rs. 30,000 per month
Attendence: 1 day absence in Feb
Salary for Feb: 30,000 * 27 / 28 days = 28,929
Attendence: 1 day absence in Mar
Salary for Feb: 30,000 * 30 / 31 days = 29,032
So which one is legally compliant? or both method okay? Thank you.
I've been requested by the company to calculate employees' salary with 240 hour per month, which I don't know whether it is permissible by law, please kindly advise, thank you.
Example,
Method A
Basic salary: Rs. 30,000 per month
Attendence: 1 day absence in Feb
Salary for Feb: 30,000 / 240 hour * (240 - 8 ) = 29,000
Attendence: 1 day absence in Mar
Salary for Feb: 30,000 / 240 hour * (240 - 8 ) = 29,000
The past experience told me that it should be:
Method B
Basic salary: Rs. 30,000 per month
Attendence: 1 day absence in Feb
Salary for Feb: 30,000 * 27 / 28 days = 28,929
Attendence: 1 day absence in Mar
Salary for Feb: 30,000 * 30 / 31 days = 29,032
So which one is legally compliant? or both method okay? Thank you.