Hello Professionals,
I recently got appointed as a Hr in IT Company,
In my company , there is no standards and policies follower previously by HR.
We started providing Payslips from feb 2013,
My actual Problem is that
While generating Employee salaries we follow the Hour to calculate
When comes to pay slip we provide by days.
I am totally confused and Is it the correct way
they calculate Basic as 50% of Actual
HRA as 40% of Basic
Medical Expense as 40% of HRA
Conveyance as 40% of HRA
Special Allowance 70% of HRA
they are providing medical expenses every month and deducts professional tax according to the total earnings
Is it the correct way?
when comes to the calculating the hours -- they calculate only working days and working hours per day.
for eg: 23 total working days and 9 hrs per day then it would be 207 hrs on that particular month. If some one comes 2 hrs late then they calculate 207-2= 205
I got a issue that the person salary is 22000 per month where they came only 22 days instead of 23 days
the calculations would be 22000/207 = 106.28 Per hr salary
If so they need to get 21043.48
But while crediting the salary my MD credited 21500 in there account
How should i Show the net pay as 21500 in pay slip?
will the Basic salary get effected or any other
Your replies will help me
I recently got appointed as a Hr in IT Company,
In my company , there is no standards and policies follower previously by HR.
We started providing Payslips from feb 2013,
My actual Problem is that
While generating Employee salaries we follow the Hour to calculate
When comes to pay slip we provide by days.
I am totally confused and Is it the correct way
they calculate Basic as 50% of Actual
HRA as 40% of Basic
Medical Expense as 40% of HRA
Conveyance as 40% of HRA
Special Allowance 70% of HRA
they are providing medical expenses every month and deducts professional tax according to the total earnings
Is it the correct way?
when comes to the calculating the hours -- they calculate only working days and working hours per day.
for eg: 23 total working days and 9 hrs per day then it would be 207 hrs on that particular month. If some one comes 2 hrs late then they calculate 207-2= 205
I got a issue that the person salary is 22000 per month where they came only 22 days instead of 23 days
the calculations would be 22000/207 = 106.28 Per hr salary
If so they need to get 21043.48
But while crediting the salary my MD credited 21500 in there account
How should i Show the net pay as 21500 in pay slip?
will the Basic salary get effected or any other
Your replies will help me