Dear Seniors,
Can anyone tell me that if the LWP calculation is to be done on Gross salary or on (Basic+ DA) as per the companies act.
The leave encashment is to be done Gross or on (Basic + DA).
As in the company where I work, currently the LWP is calculated on the gross salary. a matter is comming up that 'if the leave encashment is done on the (Basic + DA) then the LWP calculation should also be done on the same basis.
please advice me in this matter.
regards
From India, Bhubaneswar
Can anyone tell me that if the LWP calculation is to be done on Gross salary or on (Basic+ DA) as per the companies act.
The leave encashment is to be done Gross or on (Basic + DA).
As in the company where I work, currently the LWP is calculated on the gross salary. a matter is comming up that 'if the leave encashment is done on the (Basic + DA) then the LWP calculation should also be done on the same basis.
please advice me in this matter.
regards
From India, Bhubaneswar
Dear Piyali, The salary for the unpaid days is deducted from the gross salary & the salary in lieu of leaves is paid on Basic + DA only as per the govt. organizations.
From India, Chandigarh
21From India, Chandigarh
Dear Piyali,
In case of LWP we need to deduct one day salary from the Gross Salay (Clear and Simple)
Case - I (Leave Encashment)
But we consider Leave Encashment on Basic + DA because Notice Period will be considered on Basic + DA only.
Case - II (Leave Encashment)
If at the time of leaving notice period will be considered on Gross Salary then Leave Encashment must be considered on Gross Salary.
Chill HR
https://www.facebook.com/HRGang
From India, Gurgaon
In case of LWP we need to deduct one day salary from the Gross Salay (Clear and Simple)
Case - I (Leave Encashment)
But we consider Leave Encashment on Basic + DA because Notice Period will be considered on Basic + DA only.
Case - II (Leave Encashment)
If at the time of leaving notice period will be considered on Gross Salary then Leave Encashment must be considered on Gross Salary.
Chill HR
https://www.facebook.com/HRGang
From India, Gurgaon
If the encashment of leave is as per Sec 79 of the Factories Act,then the worker shall be paid wages @ his full average wages u/s 80.ILogically the rate of wages in such cases shall be the same at which he is paid for the days he avails leave.In other cases of leave encashment Co can have a defferent formulae ie,encashment while in service.
Varghese Mathew
Baseindia Consultants
Trivandrum 14.(9961266966)
From India, Thiruvananthapuram
Varghese Mathew
Baseindia Consultants
Trivandrum 14.(9961266966)
From India, Thiruvananthapuram
Dear Piyali , This is regards your query ,we have to Calculate the LWP on gross salary only not on Basic+D.A. Regards Raju
From India, New Delhi
From India, New Delhi
Dear
LWP is calculated on Gross Salary and not on BASIC + DA.
If, an organisation considers BASIC + DA are the only components, employee will continue to draw other allowances/ components of the Salary. In such situation employees will go for LWP regularly and absentism will hamper the regular working. No Organisation will encourage such practices.
Hence, entire Gross Salary has to be taken for calculation of LWP.
Regards
Moorti
From India, Delhi
LWP is calculated on Gross Salary and not on BASIC + DA.
If, an organisation considers BASIC + DA are the only components, employee will continue to draw other allowances/ components of the Salary. In such situation employees will go for LWP regularly and absentism will hamper the regular working. No Organisation will encourage such practices.
Hence, entire Gross Salary has to be taken for calculation of LWP.
Regards
Moorti
From India, Delhi
LWP is on GPM because it one day Salary. (Basic+DA)that is the case on what ground you are going to give other Salry heads like HRA,Medical,Conynce etc. Mshegde.
From India, Mumbai
From India, Mumbai
Hi Everybody, Can you tell me as per Labor law, what is probation period ? What is percentage of Basil salary in gross?
From India, Delhi
From India, Delhi
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SALARY SHEET CALCULATION.xls