Can anybody help me please with the below problem.
As of now we are making the payroll process from 1st to 30 or 31st of every month and paying salaries by 10th. I would like to suggest the company to pay salaries by 1st of every month by calculating attendance from 26th - to 25th.
I have a problem in the first month where i need to process salaries from 1st to 25th, that is for 25days only and how should i consider rest 5 days in this month, and will there be any problem in statutory procedures.
Thansk & Rgards
L. Dayakar Reddy
As of now we are making the payroll process from 1st to 30 or 31st of every month and paying salaries by 10th. I would like to suggest the company to pay salaries by 1st of every month by calculating attendance from 26th - to 25th.
I have a problem in the first month where i need to process salaries from 1st to 25th, that is for 25days only and how should i consider rest 5 days in this month, and will there be any problem in statutory procedures.
Thansk & Rgards
L. Dayakar Reddy