Salary Calculation Dates: Is It Possible to Switch from Monthly to Mid-Month Cycles?

theni-manimozhian
Dear Sir/Madam, Can we calculate the salary between the 30th and 29th instead of from the 1st to the 30th/31st of every month?
vmlakshminarayanan
Hi, I think you are referring to the salary closing date. For internal convenience, many organizations follow different salary cycle dates. Employees will receive their full salary only for that month; however, leave taken after the salary closing date will be considered in the next salary cycle.
Jason967
Normally, a salary is calculated based on the entire calendar month, from the 1st to the 30th or 31st of the month. This is a common practice because it conforms to standard accounting calendars and practices.
nanu1953
Basically, you are interested in changing the salary/wage cycle. There is no harm. Please pay the full month's salary.

Regards, S K Bandyopadhyay
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute