Dear All,
In my organization if for an employee there is LOP his gross salary is first calculated after deducting LOP amount.
For Example : As per Offer Letter if an individuals salary is 10000 and there is lop of 2 days
Gross Salary = 10,000
= 10,000/30*no: of days
=666.66
=10,000 - 666.66
Net Gross After LOP=9333.34
Based on 9333.34 only other salary components are calculated.
My doubt here is whether the salary components are calculated based on 10,000 or 9333.34.
Please clarify immediately.
In my organization if for an employee there is LOP his gross salary is first calculated after deducting LOP amount.
For Example : As per Offer Letter if an individuals salary is 10000 and there is lop of 2 days
Gross Salary = 10,000
= 10,000/30*no: of days
=666.66
=10,000 - 666.66
Net Gross After LOP=9333.34
Based on 9333.34 only other salary components are calculated.
My doubt here is whether the salary components are calculated based on 10,000 or 9333.34.
Please clarify immediately.