Hi all,
What Veda Consultants said is right. the gross salary should be divided by 26 for calculating per day wages.
but in the case of gratuity we use to divide it by 30 days. in order to control company's liability.
For Example:
Gross salary: 10000
Per day Salary = 10000/26 = 384.61
even if he has given full attendance i.e 27 days of working in august month, his salary will be 10000 +384.61. because we have to pay for August 15th.
Bt in other cases if he worked for 27 days his salary will be 10000 only.
In feb he is supposed to work for 24 days oly, bt he shld be paid with the whole salary 10000. no queries in that.
What Veda Consultants said is right. the gross salary should be divided by 26 for calculating per day wages.
but in the case of gratuity we use to divide it by 30 days. in order to control company's liability.
For Example:
Gross salary: 10000
Per day Salary = 10000/26 = 384.61
even if he has given full attendance i.e 27 days of working in august month, his salary will be 10000 +384.61. because we have to pay for August 15th.
Bt in other cases if he worked for 27 days his salary will be 10000 only.
In feb he is supposed to work for 24 days oly, bt he shld be paid with the whole salary 10000. no queries in that.