do you distribute an employee's salary as per the month ? 30/31/28 days
was surprised to know when a friend told me that an employee's salary is distributed for the entire month. Example an employee's salary is Rs.15,000pm then in the month of May his per day salary will be divided by 31 days =Rs.483/pm, but in April it will be divided by 30 days =Rs.500/-pm
STRANGE ????
A month's salary is always 30 days

From India, Pune
Hi
Its correct to calculate like this

No of days
Per Month
Perday
Jan
31
15000
483.87
Feb
28
15000
535.71
March
31
15000
483.87
April
30
15000
500.00
May
31
15000
483.87
June
30
15000
500.00
July
31
15000
483.87

For example in the month of May an employee is on leave for one day and there is no any single paid up leave. So how much u will pay him in May. =15000*30/31 is correct

From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.