Dear Seniors,
Kindly help me in understanding if the payment of salary on the basis of calculating the number of days in a month as 30.45 days is valid as per the Act (Payment of Wages/ Minimum Wages, etc.). If yes, please share the act.
Regards,
Junior A
From India
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Kindly help me in understanding if the payment of salary on the basis of calculating the number of days in a month as 30.45 days is valid as per the Act (Payment of Wages/ Minimum Wages, etc.). If yes, please share the act.
Regards,
Junior A
From India
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Dear Friend,
This is not a valid calculation. Calculations should be done based on 31/30/28 days as per the month. The number of days may vary from industry to industry. For example, some companies keep 30 days constant for every month, while others calculate based on the actual days of that particular month.
From India, Mumbai
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429This is not a valid calculation. Calculations should be done based on 31/30/28 days as per the month. The number of days may vary from industry to industry. For example, some companies keep 30 days constant for every month, while others calculate based on the actual days of that particular month.
From India, Mumbai
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If there is any OT it must not include with Regular attendance There must be a seperate calculation for OT
From India, Hyderabad
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From India, Hyderabad
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