February Salary Confusion: How Do I Calculate My Pay for a 28-Day Month?

I joined on Feb 21st this month. How much salary will I get? How do I calculate it as this month only has 28 days?

Hi Indu,

For new joiners, the salary will be calculated on a prorated basis. From your salary, the per-day wage will be calculated and paid accordingly for February. Not sure about your salary structure and deductions; hence, it is not possible to give a feasible answer. If you have your CTC details in the offer letter, please go through them and ask HR for any clarification.

Regards,
Thiyagu

What is the formula for calculating the payroll for February salary?

Indu,

Calculate your salary using the following formula:
Your monthly salary x 8 / 28 = salary payable.
The number of days for salary payment is 8 (21st to 28th Feb).
For example, if your monthly salary is Rs. 28,000, then Rs. 28,000 x 8 / 28 = Rs. 8,000.

Suresh

Understanding Monthly Salary Calculation

Monthly salaried person means, irrespective of any month having 30, 31, 28, or 29 days in February during a leap year in a calendar, you should first calculate one day's salary. Then, multiply it by the number of days up to the last working day of that month.

Suppose a person was appointed with a ₹26,000 per month salary. That person's salary per day is ₹26,000 ÷ 26 = ₹1,000 per day. In the given context, from the joined date of 21st February 2018 to 28th February, there are 8 days, with 25th being a Sunday. So, there are a total of 7 working days. Please multiply 7 by the one-day salary.

Suppose a person's monthly salary is ₹26,000 ÷ 26 days = ₹1,000 per day (one day salary) × 7 working days = ₹7,000.

No confusion, this is a standard calculation authenticated by Indian Labour Laws.

Note

Monthly salary should always be divided by 26 days only to get one day salary per month. Never divide by 28, 30, 31, or 29 days of that month. Catch my point, please.

Gross salary divided by the number of days in the month multiplied by the number of Leave Without Pay (LWP) days. This amount will be deducted from the gross pay for the unpaid days in a month, excluding other deductions.