In my organization previously attendance considered 20th to 20th, But now onwards we consider 25th to 25th, so working days in this month exceeded i think. We need to pay for those 5days??
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Hi,
For the purpose of processing salary and crediting on time, all organizations use to follow a salary cycle date instead of waiting until the end of the month. The actual salary paid will be from the 1st to the end of the month, either the 30th or 31st only. In your case, you are paying salary for the full month, and any leave availed after the 25th will be reflected in the next month cycle, so there is no need for an additional 5 days.
From India, Madras
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1015For the purpose of processing salary and crediting on time, all organizations use to follow a salary cycle date instead of waiting until the end of the month. The actual salary paid will be from the 1st to the end of the month, either the 30th or 31st only. In your case, you are paying salary for the full month, and any leave availed after the 25th will be reflected in the next month cycle, so there is no need for an additional 5 days.
From India, Madras
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BONUS CALCULATION BY WORKING DAYS.xls