How To Calculate One Day Salary For 31days Month And 28 Days Month

Dear Dhana,
The salary is calculated as below,
Actual Salary = Gross Salary / No. of Days in the month * No of days worked + Week -off
Gross salary = 100000
So for 28 days, Actual Salary = 100000 / 28 * 28 = 100000,
For 30 days, Actual Salary = 100000/ 30 * 30 = 100000,
For 31 days, Actual Salary = 100000 / 31 * 31 = 100000,
Attribution: https://www.citehr.com/432929-how-ca...#ixzz28ED3FY71.

Hi shenbagarajan,
this is for ur kind information. I have been working with a manufacturing company for the past 1 year & i am posting wat i ve worked out. and nt oly me, every1 in the forum are posting their own experience oly. no one will post anything on their assumption. because we know the value of this forum.
Hi Dhana,
There is nothing to get confused in the discussion. wat veda consultants said is rite. and me too following the same procedure.
Plz tel me what short employees you ve engaged. i l make you stil clear.

Dear Sir,
Can U please provide us the copy(s) of the judgement given by the Hon'ble Supreme Court.
Regards,
Vijay Kumar

Dear Suresh,
The salary components are calculated as below
Basic Salary = 50 - 60 % of gross salary.
HRA = 40% in case of Non metros and 50% in case of Metros.(HRA is calculated based on Basic & also for Tax exemption).
Rest other will comes as Special Allowances, TA - Rs. 800(Normally due to tax exemption), Adhoc allowances.

Dear brindha,
Thanks for your feedback.
Ok can you pls explain how you would calculate the salary for a person gross salary of Rs.10000/- who has 2 days LOP in each month of February 28 days, March 31 days and April 30 days.

Dear Suresh,
We don't have a specific law stating the same but this is followed mostly in all the companies. The Tax exemption slab under various sections is also taken into account for the tax benefit of the employee. eg. Like Rs. 800/- for TA and Rs.1250 for medical are exempted from tax.

Monthly wages = Gross Salary/ Total Days of Month* working day
Daily wages = Gross Salary/26* working day

Dear Shenbagarajan,
You said this
Actual Salary = Gross Salary / No. of Days in the month * No of days worked + Week -off
Gross salary = 100000
So for 28 days, Actual Salary = 100000 / 28 * 28 = 100000,
For 30 days, Actual Salary = 100000/ 30 * 30 = 100000,
For 31 days, Actual Salary = 100000 / 31 * 31 = 100000,
What about the Week-off?
In the above case have you included 4 week off days
For example in the month of august one take two days leave
how will we have to calculate
100000/31*29=93548.38
regards,
dhana

Dear Dhana,
Sundays are always paid holiday for monthly salaried employee.
If you have 2 days leave(Only LOP) then it will be calculated as follows.
Gross Salary = 100000/31 * 29 = 93548.40/-.
In February(28 days) it will be calculated as
Gross Salary = 100000/28 * 26 = 92857.10/-.
In September (30 days) it will be calculated as
Gross Salary = 100000/30 * 28 = 93333.30/-.
moreover based on this only all statutory payments like ESI / PF will be made.
Here remember we only deduct only the absent / LOP days from the days in the month.
But for daily wages the above will not be applicable since he will be paid only for the days he has worked.

Hi Dhana,
You are confusing yourself. plz for calculating per day salary for a month, skip off the week offs.
E.g 1: Feb month: 25 days working days. gross salary 10000. 2 lop. then their earned salary is 9200
10000/25*no.of days worked.
E.G 2: March Month: 27 days working days. here 10000/27*no.of days worked
E.G 3: June Month: 26 Days Working days. here 10000/26* No. of days worked.
this is wat v are following in our company.