Dear All
Pl guide for salary calculation for months in a year,
Suppose in Dec days are 31 and I am having leave for 04 days so haw many days am eligible to get the monthly salary for DEC.for 26 days or 27 days
Is it like Monthly gross salary/30 days*no days present=net salary
or will it be like Monthly gross salary/31 days*no days present=net salary
Similarly in FEB days are 28 and am having leave for 02 days How will be the calculation is it like:Monthly gross salary/30 days*no days present=net salary
or will it be Monthly gross salary/28 days*no days present=net salary
Similarly in June days are 30 and am having leave for 02 days How will be the calculation is it like:Monthly gross salary/30 days*no days present=net salary
or what.
which one is right in both the cases.
Finally Monthly wage/salary is calculated on the basis of days in the said month or at a fixed days like 30 days for all the month.
Waiting seniors invention quickly
thnx
tarun
[/b][/u]
From India, Lucknow
4Pl guide for salary calculation for months in a year,
Suppose in Dec days are 31 and I am having leave for 04 days so haw many days am eligible to get the monthly salary for DEC.for 26 days or 27 days
Is it like Monthly gross salary/30 days*no days present=net salary
or will it be like Monthly gross salary/31 days*no days present=net salary
Similarly in FEB days are 28 and am having leave for 02 days How will be the calculation is it like:Monthly gross salary/30 days*no days present=net salary
or will it be Monthly gross salary/28 days*no days present=net salary
Similarly in June days are 30 and am having leave for 02 days How will be the calculation is it like:Monthly gross salary/30 days*no days present=net salary
or what.
which one is right in both the cases.
Finally Monthly wage/salary is calculated on the basis of days in the said month or at a fixed days like 30 days for all the month.
Waiting seniors invention quickly
thnx
tarun
[/b][/u]
From India, Lucknow
Hi
I do not recollect legal provisions on this right now as I handled this about 15 years back in two companies
1. For monthly rated employees we followed 30 as the common denominator for all months for purpose of leave salary calculation
2. For workmen who were also monthly rated, we introduced 26 as the common denominator for purpose of leave
The only reason I remember as to why followed 30 for staff was that they were eligible for more leave facilities
Prior to introducing this, we used to have lots of grievances on leave wages and this set at rest all those grievances
Siva
From India, Chennai
I do not recollect legal provisions on this right now as I handled this about 15 years back in two companies
1. For monthly rated employees we followed 30 as the common denominator for all months for purpose of leave salary calculation
2. For workmen who were also monthly rated, we introduced 26 as the common denominator for purpose of leave
The only reason I remember as to why followed 30 for staff was that they were eligible for more leave facilities
Prior to introducing this, we used to have lots of grievances on leave wages and this set at rest all those grievances
Siva
From India, Chennai
Hi Tarun,
If your leaves are approved and you are getting the salary of complete month then it will be shown as 30/31 number of days of work only..
Number of days shown is based on number of days in that particular month..
Like for february, the number of days become 28 onl;y..
Regards,
Amit Seth.
From India, Ahmadabad
If your leaves are approved and you are getting the salary of complete month then it will be shown as 30/31 number of days of work only..
Number of days shown is based on number of days in that particular month..
Like for february, the number of days become 28 onl;y..
Regards,
Amit Seth.
From India, Ahmadabad
Hi Seniors Pl put some more replies,I am not satisfied. Waiting your intervention please. thnx tarun
From India, Lucknow
From India, Lucknow
Dear,
Salary is used for payroll employees and wages is used for contractuals.
Salary or wages can be calculated on the number of days in the month.
Pf is calculated on the basic,ESI is calculated on the Gross Salary.
Gross Salary-Deductions(PF or ESI)=Net Salary
Please check the leave manual for your company:
Payroll employees or contractuals= for them which leaves are approved such as sick/casual leaves,Earned leaves/Privileged leaves,Maternity/Paternity Leaves as in some cases these leaves are applicable after confirmation or from the date of joining and the leaves are approved by your immediate supervisor.(Excluding National holidays)
If you are paying them overtime it can be calculated on gross as single and on basic as double.
saurabh
Salary is used for payroll employees and wages is used for contractuals.
Salary or wages can be calculated on the number of days in the month.
Pf is calculated on the basic,ESI is calculated on the Gross Salary.
Gross Salary-Deductions(PF or ESI)=Net Salary
Please check the leave manual for your company:
Payroll employees or contractuals= for them which leaves are approved such as sick/casual leaves,Earned leaves/Privileged leaves,Maternity/Paternity Leaves as in some cases these leaves are applicable after confirmation or from the date of joining and the leaves are approved by your immediate supervisor.(Excluding National holidays)
If you are paying them overtime it can be calculated on gross as single and on basic as double.
saurabh
Hi All
Am still insisting on more experinced reply as am fghting against my mgt since long they are having the practice to calculate on 30 days for every month telling this is right but moreover in a year days are as follows:
31 days in 07 mths
30 days in 04 mths
28/29 days in 01 mth
If we treat 30 days for all the mths then 7 days are lost for payment agaginst employee,only 01 month is having 2/1 day additional payment but ultimately 5/6 days are loss to employee.
Kindly seniors understand and reply soon.
thnx
tarun
From India, Lucknow
Am still insisting on more experinced reply as am fghting against my mgt since long they are having the practice to calculate on 30 days for every month telling this is right but moreover in a year days are as follows:
31 days in 07 mths
30 days in 04 mths
28/29 days in 01 mth
If we treat 30 days for all the mths then 7 days are lost for payment agaginst employee,only 01 month is having 2/1 day additional payment but ultimately 5/6 days are loss to employee.
Kindly seniors understand and reply soon.
thnx
tarun
From India, Lucknow
Hi . Am new to this site. But as per me the rule is we should consider 30 as a base for calcualtion it maybe any month. only in case of daily wage workers it is 26 days. rajeev
From India, Bangalore
From India, Bangalore
hi somdatta 4, the ctc=gross salary ctc-deduction= net salary basic salary= 50% of gross salary thanx
From India, Pune
From India, Pune
Dear All,
Am Sravanthi Narayan, I have gone through the info regarding salary calculation on monthly basis. It was really helpful,but i kindly request all the seniors to give detail description of Gross Salary Calculation.
waiting for your replying,
Sravanthi Narayan,
HR Executive,
Charter Global Pvt Ltd.
From India
Am Sravanthi Narayan, I have gone through the info regarding salary calculation on monthly basis. It was really helpful,but i kindly request all the seniors to give detail description of Gross Salary Calculation.
waiting for your replying,
Sravanthi Narayan,
HR Executive,
Charter Global Pvt Ltd.
From India
Dear All
Pl guide for salary calculation for months in a year,
Suppose in Dec days are 31 and I am having leave for 04 days so haw many days am eligible to get the monthly salary for DEC.for 26 days or 27 days
Is it like Monthly gross salary/30 days*no days present=net salary
or will it be like Monthly gross salary/31 days*no days present=net salary
Similarly in FEB days are 28 and am having leave for 02 days How will be the calculation is it like:Monthly gross salary/30 days*no days present=net salary
or will it be Monthly gross salary/28 days*no days present=net salary
Similarly in June days are 30 and am having leave for 02 days How will be the calculation is it like:Monthly gross salary/30 days*no days present=net salary
or what.
which one is right
Regards
Daisy prakash
From India, Madras
Pl guide for salary calculation for months in a year,
Suppose in Dec days are 31 and I am having leave for 04 days so haw many days am eligible to get the monthly salary for DEC.for 26 days or 27 days
Is it like Monthly gross salary/30 days*no days present=net salary
or will it be like Monthly gross salary/31 days*no days present=net salary
Similarly in FEB days are 28 and am having leave for 02 days How will be the calculation is it like:Monthly gross salary/30 days*no days present=net salary
or will it be Monthly gross salary/28 days*no days present=net salary
Similarly in June days are 30 and am having leave for 02 days How will be the calculation is it like:Monthly gross salary/30 days*no days present=net salary
or what.
which one is right
Regards
Daisy prakash
From India, Madras
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SALARY SHEET CALCULATION.xls
Salary calculation.doc