How is loss of pay calculated for contract basis job with monthly salary in a public sector firm?
From India, Ernakulam
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From India, Ernakulam
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Dear Mr. Biju,
Are you asking this question as an employer or as an employee? You have stated that it is a monthly salary. Monthly gross salary is divided by total days or by 26 days multiplied by total days worked + weekly off + national or festival holidays + paid leaves like CL/SL/PL, etc.
A contract employee is on par with a regular monthly salary employee in terms of the method of calculation of salary.
From India, New Delhi
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631Are you asking this question as an employer or as an employee? You have stated that it is a monthly salary. Monthly gross salary is divided by total days or by 26 days multiplied by total days worked + weekly off + national or festival holidays + paid leaves like CL/SL/PL, etc.
A contract employee is on par with a regular monthly salary employee in terms of the method of calculation of salary.
From India, New Delhi
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SALARY SHEET CALCULATION.xls
Salary calculation.doc