Hi everyone, I have a query about salary calculation if an employee joins on 16 Feb how to calculate manually because in Feb 28 days are there.
From India, Pune
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1From India, Pune
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You have to calculate the salary for 28 days, i.e., if the month has 28 days, that is the total working days. Then, his 28-day salary is his actual salary, which is provided to him on his annexure, and you have to pay him for 13 days' salary. This can be calculated using the formula: (Total Salary/Total days) * Working Days.
From India, Lucknow
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From India, Lucknow
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@ ANNONYMOUS, you can calculate the same on the basis of calendar days i.e. 28 days As the employee joined on 16th Feb, calculation will be as follows Monthly Salary*Number of days worked (13) / 28
From India, New Delhi
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From India, New Delhi
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In the same you calculate salary for an employee joined on 1st Jan and did not work from 1st Feb to 15th Feb.
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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As per my knowledge, in the case of February, you need to consider 30 days for calculating the monthly salary. This is because if you compare the monthly salary for months with 30 days and 31 days, then the February salary will be higher than the actual salary. Therefore, to determine the actual monthly salary, you need to consider 30 days for calculating the February salary. I also advise you to seek help from your legal advisor and consider their point of view.
Thank you.
From United Arab Emirates, Dubai
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Thank you.
From United Arab Emirates, Dubai
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SALARY SHEET CALCULATION.xls
Salary calculation.doc