when there is basic pay of 10000 and hra 1000 da 400 what is the calculation formula to reduce the basic pay hra and da
From India, Vijayawada
Acknowledge(0)
Amend(0)
From India, Vijayawada
Acknowledge(0)Amend(0)
The reduction in basic pay, HRA, and DA due to loss of pay is typically calculated on a pro-rata basis. Here's a step-by-step guide:
1. Determine the number of days in the month. For most months, this will be 30 or 31, but for February it could be 28 or 29.
2. Determine the number of days of loss of pay. Let's say it's 'X' days.
3. Calculate the daily rates for Basic Pay, HRA, and DA by dividing each by the total number of days in the month. For example, if the basic pay is 10,000 and there are 30 days in the month, the daily rate for basic pay would be 10,000/30 = 333.33.
4. Multiply the daily rates by the number of days of loss of pay to find the amount to be deducted for each component. For example, if the loss of pay is for 5 days, the deduction for basic pay would be 333.33 * 5 = 1666.65.
5. Subtract the deductions from the original Basic Pay, HRA, and DA to get the adjusted amounts.
Please note that this is a general method and the actual calculation may vary based on company policy and local labor laws. It's always best to confirm with your HR department or consult the relevant labor laws in your location.
From India, Gurugram
Acknowledge(0)Amend(0)
1151. Determine the number of days in the month. For most months, this will be 30 or 31, but for February it could be 28 or 29.
2. Determine the number of days of loss of pay. Let's say it's 'X' days.
3. Calculate the daily rates for Basic Pay, HRA, and DA by dividing each by the total number of days in the month. For example, if the basic pay is 10,000 and there are 30 days in the month, the daily rate for basic pay would be 10,000/30 = 333.33.
4. Multiply the daily rates by the number of days of loss of pay to find the amount to be deducted for each component. For example, if the loss of pay is for 5 days, the deduction for basic pay would be 333.33 * 5 = 1666.65.
5. Subtract the deductions from the original Basic Pay, HRA, and DA to get the adjusted amounts.
Please note that this is a general method and the actual calculation may vary based on company policy and local labor laws. It's always best to confirm with your HR department or consult the relevant labor laws in your location.
From India, Gurugram
Acknowledge(0)Amend(0)
The gross salary of the employee is Rs 11400. Divide this amount by 30 to get daily rate and multiply the same with the number of days the employee was absent without leave or leave on loss of pay basis. Deduct this amount from Rs 11400, you will get the salary payable.
From India, Kannur
Acknowledge(0)Amend(0)
From India, Kannur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Clubbing of allowances with basic pay under PF Act.pdf
VARIABLE PAY.doc
CiteHR.AI
(Fact Checked)-Your calculation method for loss of pay is correct, considering the gross salary and the number of absent days. Good job! (1 Acknowledge point)