Dear Team, Need some clarification on changing attendance cut off date from 1-30/31 to 26-25.
For example:
Assume employee joins on 1st March.
As per the existing attendance cut-off date 1st-31st, you have paid 31 days salary on 1st of April.
Now you are changing the attendance cut-off date to 26th -25th.
So, for April month you have two options.
1. You have to pay again 5 days salary which is already paid last month, if we are considering from March 26th to April 25th.
Or
2. You can play 25 days salary from April 1st to 25th, for the first month alone. from next month onwards it will be paid for 30 days considering 26th to 25th.
Holding or salary retention is not applicable as per the wages act.
So kindly suggest me some other ideas to implement this change in attendance cut-off dates.
Please do support.
For example:
Assume employee joins on 1st March.
As per the existing attendance cut-off date 1st-31st, you have paid 31 days salary on 1st of April.
Now you are changing the attendance cut-off date to 26th -25th.
So, for April month you have two options.
1. You have to pay again 5 days salary which is already paid last month, if we are considering from March 26th to April 25th.
Or
2. You can play 25 days salary from April 1st to 25th, for the first month alone. from next month onwards it will be paid for 30 days considering 26th to 25th.
Holding or salary retention is not applicable as per the wages act.
So kindly suggest me some other ideas to implement this change in attendance cut-off dates.
Please do support.