Dear,
Normally the salary is calculated on the days in the particular month. Incase an employee worked for 11 days in Feb. his salary should be calculated on the basis by dividing the salary into 28 and multiplying in the number days present in that month. Incase of other months is would be 30 or 31 as the case may be.
regards,
manoranjan
From India, Delhi
Normally the salary is calculated on the days in the particular month. Incase an employee worked for 11 days in Feb. his salary should be calculated on the basis by dividing the salary into 28 and multiplying in the number days present in that month. Incase of other months is would be 30 or 31 as the case may be.
regards,
manoranjan
From India, Delhi
hi
i hope your calculation is fine as the number of days is only 11 (including weekly offs). the calculation changes when the no of days exceeds 14 days. i mean 15 and above. the the employee is entitled to get his complete HRA. so the calculation changes...
and by the way you are calculating actual gross .... how about the deductions dear friend... you need to consider them too (PF, ESI, Prof Tax etc.,)
i hope you got it right now
Lakshman Kumar Grandhi
From India, Hyderabad
i hope your calculation is fine as the number of days is only 11 (including weekly offs). the calculation changes when the no of days exceeds 14 days. i mean 15 and above. the the employee is entitled to get his complete HRA. so the calculation changes...
and by the way you are calculating actual gross .... how about the deductions dear friend... you need to consider them too (PF, ESI, Prof Tax etc.,)
i hope you got it right now
Lakshman Kumar Grandhi
From India, Hyderabad
As per as my knowledge, one should calculate per day salary as
monthly salary*12/365 and then he should be multiply by the number of days worked.
If one is assigned at 8000 salary and he has worked for 18 days then he will be paid as
8000*12/365=263 will be his per day salary.
His salary for 18 days will be 18*263=4374.00
It does not matter, whether he has worked in the month of Feb or March.
Compnay has appointed him for monthly salary and his all CTC will be calculated on annual basis.
Needs your coments.
Thanks.
DEEPAK
From India, Jaipur
monthly salary*12/365 and then he should be multiply by the number of days worked.
If one is assigned at 8000 salary and he has worked for 18 days then he will be paid as
8000*12/365=263 will be his per day salary.
His salary for 18 days will be 18*263=4374.00
It does not matter, whether he has worked in the month of Feb or March.
Compnay has appointed him for monthly salary and his all CTC will be calculated on annual basis.
Needs your coments.
Thanks.
DEEPAK
From India, Jaipur
yes i do agree with Mr Deepak. For all practical purposes taking as per year is correct procedure. it nulifies the difference of days in months. G.V.rao
From India, Surat
From India, Surat
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SALARY SHEET CALCULATION.xls
Salary calculation.doc