Hi,
A clarification on LOP (Loss Of Pay) Calculation. While calculating LOP, whether the number of days will be considered as:
1) Number of days in a month (30) or
2) Number of working days in a month (22).
Whether the calculated LOP will be deducted proportionately from all the salary components like Basic, HRA, DA, etc., or will it be deducted from the total salary derived after adding all the addable components and subtracting the deductions.
Please clarify. Also, let me know where I can find the supporting statements for the correct information so that I can present it to my management as strong evidence.
From India, Madras
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A clarification on LOP (Loss Of Pay) Calculation. While calculating LOP, whether the number of days will be considered as:
1) Number of days in a month (30) or
2) Number of working days in a month (22).
Whether the calculated LOP will be deducted proportionately from all the salary components like Basic, HRA, DA, etc., or will it be deducted from the total salary derived after adding all the addable components and subtracting the deductions.
Please clarify. Also, let me know where I can find the supporting statements for the correct information so that I can present it to my management as strong evidence.
From India, Madras
Acknowledge(0)Amend(0)
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SALARY SHEET CALCULATION.xls
Salary calculation.doc