Dear sir, If some one has joined in middle stage in month how can i calculate his salary, Thanks, Ram.V
From India, Hyderabad
Acknowledge(0)
Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Ram V.,
The salary of an employee depends upon his salary rate, i.e., piece rate, daily rate, or monthly base rate. Mostly, companies are adopting a monthly wage rate system. It can be calculated as Monthly wage rate * number of days worked / total number of days in that month.
For example, if an employee joins on the 16th of January at a gross salary of 10000, then his salary will be:
= 10000 * 16 / 31
= 5161 Rs.
In the same way, we can calculate the salary for others.
From India, Palwal
Acknowledge(0)Amend(0)
1The salary of an employee depends upon his salary rate, i.e., piece rate, daily rate, or monthly base rate. Mostly, companies are adopting a monthly wage rate system. It can be calculated as Monthly wage rate * number of days worked / total number of days in that month.
For example, if an employee joins on the 16th of January at a gross salary of 10000, then his salary will be:
= 10000 * 16 / 31
= 5161 Rs.
In the same way, we can calculate the salary for others.
From India, Palwal
Acknowledge(0)Amend(0)
His Salary Calculate on Monthly base ( 30 Working Days ) . For Example he is joined in july in that month have 31 days. So how can i calculate his salary give me advice. Thanks, Ram.V
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
Hi, Method is all the same, only the working days wud differ.. For eg if a month has 30days divide it by 30 or if its 31days divide by 31.. very simple..
From India, Madras
Acknowledge(0)Amend(0)
From India, Madras
Acknowledge(0)Amend(0)
Dear Vasu,
If you want details regarding PF and ESI, there are a lot of threads available on citehr. Additionally, you can also Google to find answers to your questions. However, please mention the salary structure, i.e., Gross salary for ESI, and Basic, DA, and retention allowance for the calculation of PF. Also, specify all the deductions your company is making under the head of deductions.
As for payroll, it is a process of documentation for paying salaries to employees. It can be done manually (using registers, etc.) or by using computers, which makes the process easier. For example, my company uses Microsoft Excel for this purpose. In this system, an employee's data is maintained, including Name, DOJ, No. of days worked in the month, Basic salary, DA, HRA, Conveyance allowance. All these details are used to calculate the gross salary, from which deductions like PF, ESI, telephone charges, among others, are made to arrive at the net salary. This information can be organized neatly in a single sheet. This is a brief overview.
Please be specific about your doubts so that we can assist you better.
Regards,
Shreekanth.P.R
From India, Mumbai
Acknowledge(0)Amend(0)
If you want details regarding PF and ESI, there are a lot of threads available on citehr. Additionally, you can also Google to find answers to your questions. However, please mention the salary structure, i.e., Gross salary for ESI, and Basic, DA, and retention allowance for the calculation of PF. Also, specify all the deductions your company is making under the head of deductions.
As for payroll, it is a process of documentation for paying salaries to employees. It can be done manually (using registers, etc.) or by using computers, which makes the process easier. For example, my company uses Microsoft Excel for this purpose. In this system, an employee's data is maintained, including Name, DOJ, No. of days worked in the month, Basic salary, DA, HRA, Conveyance allowance. All these details are used to calculate the gross salary, from which deductions like PF, ESI, telephone charges, among others, are made to arrive at the net salary. This information can be organized neatly in a single sheet. This is a brief overview.
Please be specific about your doubts so that we can assist you better.
Regards,
Shreekanth.P.R
From India, Mumbai
Acknowledge(0)Amend(0)
Salary calculation is always a chaotic manner. If an employee's salary is to be calculated when he/she has joined an organization in the middle of a month, it is a usual practice that either 30 or 31 is the guideline. If it is February, it is usually an average of 30 days. It is the collective agreement with the unions or, if no union, it is the unanimous agreement of all the employees. No labor law or rule has set a system to it. The usual salary calculation is 30 only, which has been the practice in all organizations in India.
From India, Pune
Acknowledge(0)Amend(0)
From India, Pune
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
EMPLOYEE SALARY INCOME TAX CALCULATION.xls x