Dear HR Consultants,
Greetings...!!!
An employee with salary Rs.70,000/month joined in my company on 20th March 2017. How much do I have to pay for him as March Salary.
I calculated one day salary by - 70,000/30 =2333.33 (Instead of 31 days in March considered 30 days as Standard even in February)
Payable Salary : 70,000 - (19 x 2333.33 {No. of absent days}) = 25667
Is this the method correct for salary calculation.
Please advise.
Best Regards,
Greetings...!!!
An employee with salary Rs.70,000/month joined in my company on 20th March 2017. How much do I have to pay for him as March Salary.
I calculated one day salary by - 70,000/30 =2333.33 (Instead of 31 days in March considered 30 days as Standard even in February)
Payable Salary : 70,000 - (19 x 2333.33 {No. of absent days}) = 25667
Is this the method correct for salary calculation.
Please advise.
Best Regards,