Salary Calculation Periods
Every month, the salary month days are counted from the 25th to the 24th of the next month. For example, Dec. 25th to Jan. 24th (31 days), Jan. 25th to Feb. 24th (31 days), Feb. 25th to March 25th (28 days).
If an employee is on leave without pay (LOP) on the 15th of February during the aforementioned salary period, do we calculate the month (as per the above-mentioned period) as consisting of 31 days or 28 days?
Please clarify.
Regards,
Sridhar
Every month, the salary month days are counted from the 25th to the 24th of the next month. For example, Dec. 25th to Jan. 24th (31 days), Jan. 25th to Feb. 24th (31 days), Feb. 25th to March 25th (28 days).
If an employee is on leave without pay (LOP) on the 15th of February during the aforementioned salary period, do we calculate the month (as per the above-mentioned period) as consisting of 31 days or 28 days?
Please clarify.
Regards,
Sridhar