1) For example, Basic Rs.3200, HRA is 40% of basic, FTA is 50% of basic, conveyance allowance is 50% of basic, medical allowance is 44% of basic, and education allowance is 50% of basic. Is this the correct calculation?
2) Is Basic calculated for 30 days, correct?
3) In the above example, staff is present for 25 days and the remaining 5 days on leave without pay. In this case, we provide Basic for 25 days only, and other allowances are also reduced. Is this calculation correct? Please clarify.
From India, Bangalore
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12) Is Basic calculated for 30 days, correct?
3) In the above example, staff is present for 25 days and the remaining 5 days on leave without pay. In this case, we provide Basic for 25 days only, and other allowances are also reduced. Is this calculation correct? Please clarify.
From India, Bangalore
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Hi Geethaumesh, I am also working as a Hr so according to my oraganization and according to accountant all of other allowances are also deducted not only basic is deducted. Regards Bharti
From India, Chandigarh
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From India, Chandigarh
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Leave Encashment & Salary Calculation.xls x
Salary calculation.doc