I would like to know, if we are processing Full and Final (F&F) settlements or leave encashment, do we consider 26 days for the calculation? My question is, why can we not consider 30 days instead of 26 days? Is there any specific logic behind choosing 26 days?
Thanks,
Parimal
From India, Ahmadabad
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4Thanks,
Parimal
From India, Ahmadabad
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Dear Parimal,
As per the Factories Act Section 52, an adult worker shall be allowed a holiday for one full day. You may term it rest, weekly off, holiday, etc. As such, the salary is taken for 26 days. Similarly, it is applicable for encashment as well.
Hope this makes sense. However, the extract of Section 52 is as follows:
Factories Act Section 52. Weekly holidays. (1) No adult worker shall be required or allowed to work in a factory on the first day of the week (hereinafter referred to as the said day), unless:
(a) he has or will have a holiday for a whole day on one of the three days immediately before or after the said day, and
(b) the manager of the factory has, before the said day or the substituted day under clause (a), whichever is earlier:
(i) delivered a notice at the office of the Inspector of his intention to require the worker to work on the said day and of the day which is to be substituted, and
(ii) displayed a notice to that effect in the factory.
Provided that no substitution shall be made which will result in any worker working for more than ten days consecutively without a holiday for a whole day.
Regards,
From India, Madras
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As per the Factories Act Section 52, an adult worker shall be allowed a holiday for one full day. You may term it rest, weekly off, holiday, etc. As such, the salary is taken for 26 days. Similarly, it is applicable for encashment as well.
Hope this makes sense. However, the extract of Section 52 is as follows:
Factories Act Section 52. Weekly holidays. (1) No adult worker shall be required or allowed to work in a factory on the first day of the week (hereinafter referred to as the said day), unless:
(a) he has or will have a holiday for a whole day on one of the three days immediately before or after the said day, and
(b) the manager of the factory has, before the said day or the substituted day under clause (a), whichever is earlier:
(i) delivered a notice at the office of the Inspector of his intention to require the worker to work on the said day and of the day which is to be substituted, and
(ii) displayed a notice to that effect in the factory.
Provided that no substitution shall be made which will result in any worker working for more than ten days consecutively without a holiday for a whole day.
Regards,
From India, Madras
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SALARY SHEET CALCULATION.xls
Salary calculation.doc