Hi, I submitted my resignation on August 10. I believe my 2-month notice period came into effect, and I worked until my last day on October 10. I received my full salary for the months of August and September. However, my salary for the 10 days of October was approximately Rs 200 less when compared to the net salary for 31 days.
Salary Calculation for October
Q1) Is the salary for the 10 days of October calculated based on the gross salary or the net salary? The net salary is the amount that is deposited into my bank account.
Net Salary + My EPF = Gross Salary
Gross Salary + Employer EPF = Final Salary (CTC)
Inclusion of Weekends in Salary Calculation
Q2) Also, do they not include Saturdays and Sundays in the salary calculation?
Options for Addressing Salary Discrepancy
Q3) What options do I have? Any assistance would be greatly appreciated.
Regards,
Underpaid Employee
From India, Ernakulam
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Salary Calculation for October
Q1) Is the salary for the 10 days of October calculated based on the gross salary or the net salary? The net salary is the amount that is deposited into my bank account.
Net Salary + My EPF = Gross Salary
Gross Salary + Employer EPF = Final Salary (CTC)
Inclusion of Weekends in Salary Calculation
Q2) Also, do they not include Saturdays and Sundays in the salary calculation?
Options for Addressing Salary Discrepancy
Q3) What options do I have? Any assistance would be greatly appreciated.
Regards,
Underpaid Employee
From India, Ernakulam
Acknowledge(0)Amend(0)
To arrive at the exact daily rate of salary from the monthly rate, the monthly salary can be divided by the actual number of days in a particular month.
Understanding Monthly Gross Salary
Monthly gross salary includes only the components of salary payable per month before deduction of the employee's statutory contributions to EPF and ESI, and not the other components mentioned in the CTC.
Inclusion of Holidays in Salary Calculation
The paid weekly holidays and other holidays falling within the period of the partial service rendered in the month up to the date of relief would be included in the salary payable.
Therefore, adopt the above method of calculation and then decide the correctness of the part-month salary actually paid.
From India, Salem
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6108Understanding Monthly Gross Salary
Monthly gross salary includes only the components of salary payable per month before deduction of the employee's statutory contributions to EPF and ESI, and not the other components mentioned in the CTC.
Inclusion of Holidays in Salary Calculation
The paid weekly holidays and other holidays falling within the period of the partial service rendered in the month up to the date of relief would be included in the salary payable.
Therefore, adopt the above method of calculation and then decide the correctness of the part-month salary actually paid.
From India, Salem
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