Dear All,
I have a little confusion about the salary calculation. Please confirm which method is correct for calculating the monthly salary as there is a small difference between both figures. If Gross Salary = 6500/-, Total Working Days counted = 27. Half Days = 1, Number of days Absent = 2.
Calculation 1:
Salary: 6500
Half Day: 1 * 120 = 120
Absent: 2 * 241 = 482
Total: 5898
Calculation 2:
Salary: 6500
Half Day: 1
Absent: 2
Total days worked: 24.5
Total: 5904
Thank you.
From India, Pune
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1I have a little confusion about the salary calculation. Please confirm which method is correct for calculating the monthly salary as there is a small difference between both figures. If Gross Salary = 6500/-, Total Working Days counted = 27. Half Days = 1, Number of days Absent = 2.
Calculation 1:
Salary: 6500
Half Day: 1 * 120 = 120
Absent: 2 * 241 = 482
Total: 5898
Calculation 2:
Salary: 6500
Half Day: 1
Absent: 2
Total days worked: 24.5
Total: 5904
Thank you.
From India, Pune
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Hi,
It is really confusing for us. I will give you one simple explanation that I am following in my company.
Salary calculation: Total salary / Total calendar days = 1 day's salary. According to the 1 day's salary, you can deduct the amount. For example, 6500 / 31 = 210.
210 * 2.5 = 524. So, deducting 524 from 6500 gives 5976.
Thanks & Regards,
Vani
From India, Secunderabad
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It is really confusing for us. I will give you one simple explanation that I am following in my company.
Salary calculation: Total salary / Total calendar days = 1 day's salary. According to the 1 day's salary, you can deduct the amount. For example, 6500 / 31 = 210.
210 * 2.5 = 524. So, deducting 524 from 6500 gives 5976.
Thanks & Regards,
Vani
From India, Secunderabad
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Dear dhanu27,
The thread is not clear. If I assume that the person has worked for 27 days and I believe that you are calculating the salary based on the number of days worked, then:
Monthly Salary = 6500
Total days worked = 27
Leaves = 2.5
Salary would be = 5897.50/- (Monthly Salary / Total Working days * Actual Working days)
Again, I don't know about the deduction part as you have not mentioned it.
From India, Bangalore
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The thread is not clear. If I assume that the person has worked for 27 days and I believe that you are calculating the salary based on the number of days worked, then:
Monthly Salary = 6500
Total days worked = 27
Leaves = 2.5
Salary would be = 5897.50/- (Monthly Salary / Total Working days * Actual Working days)
Again, I don't know about the deduction part as you have not mentioned it.
From India, Bangalore
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To calculate per day salary we consider 26 for months with 31 days and 27 for months with 30 days. Hence I would only like to confirm about deduction for leave as we deduct only ESI & PT.
From India, Pune
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From India, Pune
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Are you correct on to the statement "we consider 26 for months with 31 days and 27 for months with 30 days" ?
From India, Bangalore
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From India, Bangalore
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As per my opinion and experience the second method is the correct one - T/L wrking days = 27 T/L Absent = 2.5 Salary days = 27 - 2.5 = 24.5 Salary for the month = 6500/30*24.5 = 5308/- (final salary)
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Hi,
I am having trouble understanding this sentence clearly. Here, there is no gap between the words, and there are no symbols.
Calculation 1:
Salary 6500
Half Day 1*120 120
Absent 2*241 482
5898
Calculation 2:
Salary 6500
Half Day 1
Absent 2
Total Working Days 24.5*241 5904
Please write it clearly, yar.
Asha
From India, Bangalore
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I am having trouble understanding this sentence clearly. Here, there is no gap between the words, and there are no symbols.
Calculation 1:
Salary 6500
Half Day 1*120 120
Absent 2*241 482
5898
Calculation 2:
Salary 6500
Half Day 1
Absent 2
Total Working Days 24.5*241 5904
Please write it clearly, yar.
Asha
From India, Bangalore
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As per my opinion, 26 or 27 days are considered only during the payment of leave encashment, gratuity, and overtime. However, for salary and wages (Monthly Salary / Total Working days * Actual Working days) is correct.
Thanks and regards,
Sumit Kumar Saxena
+91-9899669071, 0120-4131277
From India, Ghaziabad
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Thanks and regards,
Sumit Kumar Saxena
+91-9899669071, 0120-4131277
From India, Ghaziabad
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Dhanu, The first method is correct which comes 5898 as the gross alway divided by working days (27 as mentioned) and without pay as per the days absent.
From India, New Delhi
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From India, New Delhi
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Hi Dhanu,
You should be clear about the company policy, specifically regarding the salary calculation per day. The company should calculate the per day salary for either 26 days or 30 days for all months, without considering the specific number of days in each month (31, 30, or 28 days). This calculation should remain consistent for all months, irrespective of government holidays or festival holidays.
Regards,
Anupa
From India, Madras
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You should be clear about the company policy, specifically regarding the salary calculation per day. The company should calculate the per day salary for either 26 days or 30 days for all months, without considering the specific number of days in each month (31, 30, or 28 days). This calculation should remain consistent for all months, irrespective of government holidays or festival holidays.
Regards,
Anupa
From India, Madras
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in my view, generaly salary month is 26 days. regarding that, 6500/26= 1 day salary 250 2.5 day did. that min.6500-625=5875 is final salary kumarpal mehta
From India, Durgapur
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From India, Durgapur
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Dear Dhanu,
I do accept Anupa's statement that the monthly salary shall always be calculated either for 26 days or 30 days. It doesn't depend on the number of days in a month, be it 30 days or 31 days.
From India, Guwahati
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I do accept Anupa's statement that the monthly salary shall always be calculated either for 26 days or 30 days. It doesn't depend on the number of days in a month, be it 30 days or 31 days.
From India, Guwahati
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Hi Dhanau, I agree with Anupa. Mostly, 30 days per month are considered for salary/wages calculation. But in some semi-govt. companies, the month is considered from the 26th of the earlier month to the 25th of the current month, thus totaling 30 days. Hope this will serve the purpose. Sl
From India, Mumbai
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From India, Mumbai
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Dear All,
As per my knowledge, the following method of calculation is used:
Total working days in the month = 27 days.
Total present days = 27 working days minus 0.5 half-day minus 2 days absent.
Meanwhile, total present days = 24.5 days.
Gross Salary / Working Days = Per Day Salary.
6500 / 27 = 240.74 per day salary.
24.5 present days * 240.74 per day salary = 5898.13 total salary.
We can give Rs. 5898 as the total salary earned.
From India, Mumbai
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As per my knowledge, the following method of calculation is used:
Total working days in the month = 27 days.
Total present days = 27 working days minus 0.5 half-day minus 2 days absent.
Meanwhile, total present days = 24.5 days.
Gross Salary / Working Days = Per Day Salary.
6500 / 27 = 240.74 per day salary.
24.5 present days * 240.74 per day salary = 5898.13 total salary.
We can give Rs. 5898 as the total salary earned.
From India, Mumbai
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BONUS CALCULATION BY WORKING DAYS.xls
Salary calculation.doc