what is mean By fixed salary ? and if any employee under fixed salary so can we deduct absent day salary or not and also what is full day and half day payment policy in fixed salary.
From India, Ahmedabad
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1From India, Ahmedabad
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Fixed salary means that there is only a consolidated monthly payment made to the employees which remains constant throughout the entire period. For example, Rs. 15,000/- for the initial period of six months. In other words, there is no variable allowance paid to the employees during this period. Typically, Dearness Allowance is a variable allowance that is periodically revised with the rise/fall in the Consumer Price Index.
The one-day salary would be the monthly fixed salary divided by 26 days in case the salary is paid for 208 hours in a month or divided by 30/31 days where it is paid for full attendance in a month. Half-day salary would be half of the daily salary calculated as mentioned above.
From India, Mumbai
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The one-day salary would be the monthly fixed salary divided by 26 days in case the salary is paid for 208 hours in a month or divided by 30/31 days where it is paid for full attendance in a month. Half-day salary would be half of the daily salary calculated as mentioned above.
From India, Mumbai
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