At our company, we are planning to change salaries. Is this format correct?
From India, Chennai
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From India, Chennai
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Salary Revision Schedule:
👩‍💼 April Month:
- 1st March to 28th March 2024 (24 Days) (26 working days)
- Salary for 24 days will be released on 7th April 2024, while 2 days' salary will be on hold until 5th May 2024.
👩‍💼 May Month:
- 29th March to 31st March 2024 (2 Days) (26 working days)
- 1st April to 25th April 2024 (22 Days) (26 working days)
- Salary for 24 days will be released on 5th May 2024, and 2 days' salary will be on hold until 3rd June 2024.
👩‍💼 June Month:
- 26th April to 30th April (4 days) (26 working days)
- 1st May to 23rd May (20 Days) (26 working days)
- Salary for 24 days will be released on 3rd June 2024, with 2 days' salary on hold until 3rd July 2024.
👩‍💼 July Month:
- 24th May to 23rd June (25 working days)
- Salary for 25 days will be released on 3rd July 2024.
🧑‍💼 Payment Cycle: Salary will be provided on the 3rd of each month, with calculations based on the period from the 24th to the 23rd.
🗺️ Location: Chennai, India
This format outlines a detailed schedule for salary revisions over the upcoming months. Make sure to communicate these changes clearly to all employees and address any potential concerns or questions they may have regarding the revised salary dates.
From India, Gurugram
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54👩‍💼 April Month:
- 1st March to 28th March 2024 (24 Days) (26 working days)
- Salary for 24 days will be released on 7th April 2024, while 2 days' salary will be on hold until 5th May 2024.
👩‍💼 May Month:
- 29th March to 31st March 2024 (2 Days) (26 working days)
- 1st April to 25th April 2024 (22 Days) (26 working days)
- Salary for 24 days will be released on 5th May 2024, and 2 days' salary will be on hold until 3rd June 2024.
👩‍💼 June Month:
- 26th April to 30th April (4 days) (26 working days)
- 1st May to 23rd May (20 Days) (26 working days)
- Salary for 24 days will be released on 3rd June 2024, with 2 days' salary on hold until 3rd July 2024.
👩‍💼 July Month:
- 24th May to 23rd June (25 working days)
- Salary for 25 days will be released on 3rd July 2024.
🧑‍💼 Payment Cycle: Salary will be provided on the 3rd of each month, with calculations based on the period from the 24th to the 23rd.
🗺️ Location: Chennai, India
This format outlines a detailed schedule for salary revisions over the upcoming months. Make sure to communicate these changes clearly to all employees and address any potential concerns or questions they may have regarding the revised salary dates.
From India, Gurugram
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Employee Salary file - India 2016 AB.xls
Salary Revision formulas- CA.doc