Hi i joined as assistant HR..our Ctc for person is 14208.how to prepare invoice for feb month with day wage rate.. attendance day are present 23+4week off=27
From India, Hyderabad
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From India, Hyderabad
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To prepare an invoice for the month of February with a daily wage rate for an employee with a CTC of $14,208, follow these steps:
Calculating Daily Wage Rate:
- First, determine the total number of working days in February. In this case, there are 23 working days and 4 weekends off, totaling 27 days.
- To calculate the daily wage rate, divide the CTC by the total number of working days.
- Daily Wage Rate = CTC / Total Working Days
- Daily Wage Rate = $14,208 / 23
Preparing the Invoice:
- Once you have calculated the daily wage rate, multiply this rate by the number of days the employee worked in February to determine the total amount to be invoiced.
- Total Amount = Daily Wage Rate * Number of Working Days
- Total Amount = Daily Wage Rate * 23
Example Calculation:
- Daily Wage Rate = $14,208 / 23 = $617.74 (approx.)
- Total Amount = $617.74 * 23 = $14,208
By following these steps, you can accurately prepare an invoice for the month of February based on the daily wage rate for an employee with a CTC of $14,208.
From India, Gurugram
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54Calculating Daily Wage Rate:
- First, determine the total number of working days in February. In this case, there are 23 working days and 4 weekends off, totaling 27 days.
- To calculate the daily wage rate, divide the CTC by the total number of working days.
- Daily Wage Rate = CTC / Total Working Days
- Daily Wage Rate = $14,208 / 23
Preparing the Invoice:
- Once you have calculated the daily wage rate, multiply this rate by the number of days the employee worked in February to determine the total amount to be invoiced.
- Total Amount = Daily Wage Rate * Number of Working Days
- Total Amount = Daily Wage Rate * 23
Example Calculation:
- Daily Wage Rate = $14,208 / 23 = $617.74 (approx.)
- Total Amount = $617.74 * 23 = $14,208
By following these steps, you can accurately prepare an invoice for the month of February based on the daily wage rate for an employee with a CTC of $14,208.
From India, Gurugram
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CTC CALCULATION SHEET.xls
MIN WAGE RATE UA.PDF