Ours is a charitable organisation. salaries are being calculated on monthly basis and if any staff applied leave beyond his leave credit, Loss of pay is calculated on gross salary and is deducted from salary. that means, salary prepared for 30 days (PF & ESI deducted for 30 days) and in deduction column Loss of pay amount we deduct. Is it correct way of calculating salary. Kindly guide me in this regard and if any rule is available, please attach the same.
From India, Rajahmundry
2From India, Rajahmundry
Your employee, are they working for 30 days or 26 days? If working for 26 days, then in my opinion one day wage for unauthorized absence / loss of pay deduction would be gross wages divided by 26 and multiplied for the number of days, to be deducted!
From India, Madras
From India, Madras
Hi Vijaykumar, You need to calculate LOP based on days. If person taken LOP leave, you can minus one day before salary prepared days. (30-1=29)
From India, Bangalore
From India, Bangalore
In simple method the accurate calculation is as under:
Suppose Anil has taken 3 days excess leave in March and you wish to deduct the same then the formula is as under (March days 31 - 3 days LOP=28 days salary payable). Salary is Rs.15,500 p.m.
15500 x 28 /31 = 14000 gross salary payable. Less: PF 12% = 1680 ESI 1.75% = 245 PT = 200 = 2125 Total deduction. Therefore 14000 - 2125 = 11875 is net salary payable.
Hope this is cleared to you.
Suresh
From India, Thane
Suppose Anil has taken 3 days excess leave in March and you wish to deduct the same then the formula is as under (March days 31 - 3 days LOP=28 days salary payable). Salary is Rs.15,500 p.m.
15500 x 28 /31 = 14000 gross salary payable. Less: PF 12% = 1680 ESI 1.75% = 245 PT = 200 = 2125 Total deduction. Therefore 14000 - 2125 = 11875 is net salary payable.
Hope this is cleared to you.
Suresh
From India, Thane
What are the components of 'Gross Salary'? In public service, fixed allowances such HRA, Transport Allowance etc. are not taken into while calculating Leave without Pay. Of course, there are specified norms for grant of such allowances for in case of continuous absence.
From India, Kochi
From India, Kochi
Hallo Friends
In this case we need not to be worry.,If employee is contractual then only 26 days are taken into consideration&for payroll emploee 30 days.Calcalate salary on gross salay(suppose x ia salary then devide by 30 then mulply by present days.PF/PT will be deducted from this amount only.
X/30*no of days present.
It is the correct method,there is no rule,it is standard practices.
From India, Jalgaon
In this case we need not to be worry.,If employee is contractual then only 26 days are taken into consideration&for payroll emploee 30 days.Calcalate salary on gross salay(suppose x ia salary then devide by 30 then mulply by present days.PF/PT will be deducted from this amount only.
X/30*no of days present.
It is the correct method,there is no rule,it is standard practices.
From India, Jalgaon
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