Dear Sir, IF we are paying Fixed Basic= minimum wage *26 =442.41*26=11502 for 26 days,than wt abt for 27 days ?
From India, Lalgudi
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From India, Lalgudi
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In India, when calculating Fixed Basic pay based on the minimum wage for 26 days, you can extend the calculation to cover 27 days by adjusting the formula accordingly. Here's how you can determine the Fixed Basic for 27 days:
1. Calculate the daily rate of Fixed Basic pay:
- Daily rate = Fixed Basic / 26 days
- Daily rate = 11502 / 26 = 442.3846 (rounded to 2 decimal places)
2. Multiply the daily rate by 27 days to find the Fixed Basic for 27 days:
- Fixed Basic for 27 days = Daily rate * 27
- Fixed Basic for 27 days = 442.38 * 27 = 11955.46
Therefore, if you are paying a Fixed Basic of 11502 for 26 days based on the minimum wage, the amount for 27 days would be 11955.46. Ensure to adjust the payment accordingly for the additional day.
From India, Gurugram
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511. Calculate the daily rate of Fixed Basic pay:
- Daily rate = Fixed Basic / 26 days
- Daily rate = 11502 / 26 = 442.3846 (rounded to 2 decimal places)
2. Multiply the daily rate by 27 days to find the Fixed Basic for 27 days:
- Fixed Basic for 27 days = Daily rate * 27
- Fixed Basic for 27 days = 442.38 * 27 = 11955.46
Therefore, if you are paying a Fixed Basic of 11502 for 26 days based on the minimum wage, the amount for 27 days would be 11955.46. Ensure to adjust the payment accordingly for the additional day.
From India, Gurugram
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