Hello All, Thanks to all for the valuable contributions. However, I am still not satisfied with the answer. Actually, I wish to quote an example.
Example of Wage Calculation
In October 2012, there were 5 Wednesdays (week off). So, 26 working days + 5 week offs = 31 days. But workers are paid for 26 days only. In our company, the 24th of October was declared a paid holiday.
Question on Wage Calculation for Absence
My question is, if a worker is absent on the 20th of October, then for how many days should I calculate his wages? Will it come to 26 days out of 27 days or 25 days out of 26 days? Since we have declared the 24th of October as a paid holiday and we have to show it on the muster roll, but it falls on Wednesday, and normally, week-offs are not paid to workers.
Kindly guide me on this issue.
Regards,
Parag