Salary culculation - how can I manage differences in payroll system?

amod-kumar-singh1
Dear Sir, 'Greeting of the day'

Sir, some employee's CTC is 65745 and he is present for 15 days, then how will he calculate the pf, because 15000 is fix 1800 pf according to this calculations, then there is a variation in the CTC.

Example - CTC- 65745( for 30 days) if any employees present 15 days Then,
Basic- 30000 Basic - 15000
Allowances - 30000 Allowances - 15000
PF - 1800 PF - 1800
Bonus - 2500 Bonus - 1250
Gratuity - 1445 Gratuity - 723
Total - 65745 Total - 33773
But as per CTC for 15 days amount is 65745/2 = 32873

Total differences 33773-32873 = 900

Dear Sir ,it is requested that , pls give me suggestion how can I manage differences in payroll system .
Amod Kumar Singh
nanu1953
If any organization process pay roll from CTC, the problem which has been raised in the post is common. Pay roll should be from monthly gross. Even gratuity amount in CTC will not be 50% for absenteeism as per definition of continuous service under PG Act.

There is no scope to match it mathematically as the logics are different for different items.

S K Bandyopadhyay ( WB, Howrah )
CEO-USD HR Solutions
KK!HR
CTC is not linked to attendance while the salary drawn depends on actual attendance. PF has to be calculated for the ceiling amount of Rs. 15,000 irrespective of the actual salary being anything more than the ceiling. Similarly, the leave salary, gratuity, bonus etc., all would be calculated on full salary. So attendance of only 15 days would reduce the salary in proportion but the same ratio would not apply for CTC.
amod-kumar-singh1
Dear Sir,

If any employee joins after 58 years then we can keep him on parole or have to keep in consultant, if kept on parole then what will the compliance be deducted, please guide me.

Amod Kumar Singh
9512526702
amod-kumar-singh1
If the owner of the company draws salary, will his bonus and gratuity be deducted?

Amod Kumar Singh
amod-kumar-singh1
What should be the heads in the pay slip for tax benefit?

Amod Kumar Singh
amod-kumar-singh1
waiting for advice of above query
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