Hi Seniors,
By mistake, if LOP (one day loss of pay) has been entered and as per the salary sheet is calculated, i.e., the employee was present but by oversight LOP is entered. How can we adjust this in the next month? By giving the difference amount through a voucher OR by showing it in the incentive of the next month OR if leave is taken, showing one day less taken leave. Which is correct? Expecting suggestions, please.
Regards,
Rajeev Dixit
From India, Bangalore
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113By mistake, if LOP (one day loss of pay) has been entered and as per the salary sheet is calculated, i.e., the employee was present but by oversight LOP is entered. How can we adjust this in the next month? By giving the difference amount through a voucher OR by showing it in the incentive of the next month OR if leave is taken, showing one day less taken leave. Which is correct? Expecting suggestions, please.
Regards,
Rajeev Dixit
From India, Bangalore
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????????????????????????????? ???????????????????????????????? Regards Rajeev Dixit
From India, Bangalore
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From India, Bangalore
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Dear Mr. Rajeev,
You can do as you described, what is so-called No. 2 payment. However, if you want to show No. 1 payment, please provide the salary arrears (Basic and gross) so that you can comply with both PF and ESI provisions.
With Best Regards
From India, New Delhi
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You can do as you described, what is so-called No. 2 payment. However, if you want to show No. 1 payment, please provide the salary arrears (Basic and gross) so that you can comply with both PF and ESI provisions.
With Best Regards
From India, New Delhi
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A person was present and was over-cited. His salary ought to be adjusted is fine. But how can we give this salary as an incentive is something I fail to understand. Incentives are usually given based on performance. I would suggest instead issuing a voucher of that 1-day salary. Also, keep appropriate records for future reference. Mention in the voucher the reason as it is so that you can refer back anytime and can find s/he was present for the day. Hope it cleared your doubt.
From India, Mumbai
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From India, Mumbai
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Hi Rajeev,
One day's loss of pay can be reimbursed in the next month's salary under the Head "Arrears" and mention the days to be paid (definition of Arrears - An unpaid, overdue debt or an unfulfilled obligation), or else under Head "Other Earnings" calculate a day's salary, and mention the amount. The same can be mentioned in your payroll statement as well as records.
Regards,
Shamin.
From India, Pune
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One day's loss of pay can be reimbursed in the next month's salary under the Head "Arrears" and mention the days to be paid (definition of Arrears - An unpaid, overdue debt or an unfulfilled obligation), or else under Head "Other Earnings" calculate a day's salary, and mention the amount. The same can be mentioned in your payroll statement as well as records.
Regards,
Shamin.
From India, Pune
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Also, if you wish to adjust against leaves, then you can consider one of the leaves as Present. This can be done if the employee has taken any leave during the next month. However, it is best suggested to discuss with the employee and drop a mail stating how you will be reimbursing so that you have a written record of reimbursing that day's salary.
From India, Pune
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From India, Pune
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Salary & Compensation Guidelines.zip
ADJUSTMENT slip.doc