Dear All
Can anyone give me worker calculation......i have canfusion in o.t whether it should be calculate on 26 days or 30,31,28/29 days and our comapny is giving 2652 per month wages to un-skiiled workers and it is also in ctc basis so it is correct method of calculation of wages or not...
Regards
Pranav Patel
9879555676
From India, Ahmadabad
Can anyone give me worker calculation......i have canfusion in o.t whether it should be calculate on 26 days or 30,31,28/29 days and our comapny is giving 2652 per month wages to un-skiiled workers and it is also in ctc basis so it is correct method of calculation of wages or not...
Regards
Pranav Patel
9879555676
From India, Ahmadabad
Dear Pranav
Once you describe the associate as employee it the payment days (monthly payment ) to be divided by 26
and they cannot be on CTC basis
On CTC for regular employees we deduct ESI And PF share from their CTC , where as the LAws are very clear that Employer share of contributions cannot be deducted from employee salary
Mostly companies are hiring only staff (white calar jobs ) on CTC and not the employee force (blue collar grade)
Regards
R Sudhakar
From India, Madras
2Once you describe the associate as employee it the payment days (monthly payment ) to be divided by 26
and they cannot be on CTC basis
On CTC for regular employees we deduct ESI And PF share from their CTC , where as the LAws are very clear that Employer share of contributions cannot be deducted from employee salary
Mostly companies are hiring only staff (white calar jobs ) on CTC and not the employee force (blue collar grade)
Regards
R Sudhakar
From India, Madras
dear pranav mr sudhakar is abosolutely right.for ot calculation u have to divide by 26 only. tks j s malik
From India, Delhi
From India, Delhi
Ya u r right but from past year my company has covered workers wages on CTC BASIS and we have around 800 workers in daman unit.....they only get around 2200 in hand for 8 hours and thier O.T is also calculate on 31/26/29/30 days...so, bad system is goimng on.
I also know but how can i tell to my management who has done this..
Pranav
From India, Ahmadabad
I also know but how can i tell to my management who has done this..
Pranav
From India, Ahmadabad
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Method of calculation of wages.doc