Dear Senior,
One of our employees has taken two days of leave without pay (LOP) in the month of March. The salary structure of the employee is as follows:
1) 10000 Basic
2) 4000 HRA
3) 1250 Medical reimbursement
4) 1600 Conveyance
5) 833 Bonus as per Bonus Act, 1965
6) 1000 LTA
7) 1317 Other allowances
Total: 20000/-
Since the salary is broken down into components, how should the LOP be deducted? Should it be deducted from the consolidated amount of 20000/30*28 or from the basic salary i.e., 10000/30*28?
Thank you in advance.
SUCHI Agarwal
From India, Jaipur
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6One of our employees has taken two days of leave without pay (LOP) in the month of March. The salary structure of the employee is as follows:
1) 10000 Basic
2) 4000 HRA
3) 1250 Medical reimbursement
4) 1600 Conveyance
5) 833 Bonus as per Bonus Act, 1965
6) 1000 LTA
7) 1317 Other allowances
Total: 20000/-
Since the salary is broken down into components, how should the LOP be deducted? Should it be deducted from the consolidated amount of 20000/30*28 or from the basic salary i.e., 10000/30*28?
Thank you in advance.
SUCHI Agarwal
From India, Jaipur
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LOP should be calculated for the entire Gross salary (but not including the Bonus component). Ys Janaka Dasa Group Dy HR Manager Vrindavan Chandrodaya Mandir
From India, undefined
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From India, undefined
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Hello! Deduction for lop be made on the monthly salary components constituting pay slip and not on CTC. Regards V.L.Nagarkar HR-CONSULTANT
From India, Mumbai
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From India, Mumbai
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Please note that in the month of March 2017, there are 31 days. To determine earnings:
Gross Salary: Rs.-------- divided by total days in the month i.e., 31 days x days payable.
Bonus is paid on actual earnings. Consequently, in case of Loss of Pay (LOP), the bonus amount paid will also come down.
From India, New Delhi
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Gross Salary: Rs.-------- divided by total days in the month i.e., 31 days x days payable.
Bonus is paid on actual earnings. Consequently, in case of Loss of Pay (LOP), the bonus amount paid will also come down.
From India, New Delhi
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Dear All,
Thank you for your valuable inputs. The total amount for the Two LOP is calculated as 20000/30*28, which equals 18667/- rounded off. Therefore, the LOP amount is 1333.
Since the employee's gross salary is divided into 7 components, could you please clarify whether this LOP amount will be divided among all the components for deduction, i.e., 1333/7? Will 190.42 be deducted from each component?
Thank you.
From India, Jaipur
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Thank you for your valuable inputs. The total amount for the Two LOP is calculated as 20000/30*28, which equals 18667/- rounded off. Therefore, the LOP amount is 1333.
Since the employee's gross salary is divided into 7 components, could you please clarify whether this LOP amount will be divided among all the components for deduction, i.e., 1333/7? Will 190.42 be deducted from each component?
Thank you.
From India, Jaipur
Acknowledge(0)Amend(0)
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SALARY SHEET CALCULATION.xls
Salary calculation.doc