Dear All,
I am confused about calculating the LOP amount for employees. If an employee works 28 days in a month out of 30 days and their gross salary is $30,000 per month, how should we determine the basic amount?
Should we:
1. Calculate the basic amount as 30000*28/30 based on the gross salary, or
2. Consider $30,000 as the gross salary and then calculate the LOP amount accordingly?
Please provide your suggestions.
From India, undefined
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I am confused about calculating the LOP amount for employees. If an employee works 28 days in a month out of 30 days and their gross salary is $30,000 per month, how should we determine the basic amount?
Should we:
1. Calculate the basic amount as 30000*28/30 based on the gross salary, or
2. Consider $30,000 as the gross salary and then calculate the LOP amount accordingly?
Please provide your suggestions.
From India, undefined
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Hi. If you calculate salary =30000/30*28=28000 if you calculate LOP = 30000/30*2 = 2000
From India,
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12From India,
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SALARY SHEET CALCULATION.xls
Salary calculation.doc