Dear All,
I have a query with respect to salary calculation.
Say that an employees Basic is 336980/- Per year as per the calculation from Fixed Pay.
If we calculate it for month (336980/12 = 28081.67/- Per month) and again if we calculate from month to year by rounding the values (28082*12=336984/-) so now there occurs a difference in value. We are mentioning both the Month and Year wise component deatils in Offer Letter. Employees will question on this calculation as the difference amount occurs.
Kindly help me to overcome this issue?
I have a query with respect to salary calculation.
Say that an employees Basic is 336980/- Per year as per the calculation from Fixed Pay.
If we calculate it for month (336980/12 = 28081.67/- Per month) and again if we calculate from month to year by rounding the values (28082*12=336984/-) so now there occurs a difference in value. We are mentioning both the Month and Year wise component deatils in Offer Letter. Employees will question on this calculation as the difference amount occurs.
Kindly help me to overcome this issue?