Dear Fraternity,
I have few queries regarding month closing by 25th and paying salaries by 1st of every month. I would like to understand how the following scenarios are dealt;
1. If any employee joins after 25th then how his PF and ESI contributions are paid for the month.
2. If some one joined on 1st day of the month will he/she be paid full month salary of 25 days only.
3. likewise , if someone left after 25th (assuming that he has been paid for the full month) , how the excess salary is treated.
4. Month days variations 28/30/31 ( ex. if you are paying salary for the month of March and you have actual attendance for 3 Days of Feb and 25 Days of March =28 Days ) in this case is it paid for full 31 days ?
Will appreciate responses from members who are actually operating on the salary administration model.
Warm Regards
From India, Jaipur
1I have few queries regarding month closing by 25th and paying salaries by 1st of every month. I would like to understand how the following scenarios are dealt;
1. If any employee joins after 25th then how his PF and ESI contributions are paid for the month.
2. If some one joined on 1st day of the month will he/she be paid full month salary of 25 days only.
3. likewise , if someone left after 25th (assuming that he has been paid for the full month) , how the excess salary is treated.
4. Month days variations 28/30/31 ( ex. if you are paying salary for the month of March and you have actual attendance for 3 Days of Feb and 25 Days of March =28 Days ) in this case is it paid for full 31 days ?
Will appreciate responses from members who are actually operating on the salary administration model.
Warm Regards
From India, Jaipur
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Salary-Note.doc
SALARY SHEET CALCULATION.xls