Hi
Pl note if 31st days in a month and pay days are 12 only.
Rate of Wage 9000/- break up of wage & calculation as under:-
a)If
= 5850/-% 31*12=2265/- PF deduction @12% will be 272/- on earned basic.
b)Other All. = 3150/-%31*12=1219/-
c) Total earned wage =3484/- ESI
-
PF @12%= 272/- on earned basic.
I hope you will be satisfied.
From India, New Delhi
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58Pl note if 31st days in a month and pay days are 12 only.
Rate of Wage 9000/- break up of wage & calculation as under:-
a)If
b)Other All. = 3150/-%31*12=1219/-
c) Total earned wage =3484/- ESI
PF @12%= 272/- on earned basic.
I hope you will be satisfied.
From India, New Delhi
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Dear All,
Can I calculate the salary of any employee by directly calculating it based on their total monthly salary and then multiplying that salary by the number of days they worked, divided by the total number of days in the month? For example:
Salary of XYZ month of any employee = Total salary * number of days worked / 31
Nupur Shukla
From India, Delhi
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Can I calculate the salary of any employee by directly calculating it based on their total monthly salary and then multiplying that salary by the number of days they worked, divided by the total number of days in the month? For example:
Salary of XYZ month of any employee = Total salary * number of days worked / 31
Nupur Shukla
From India, Delhi
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(Fact Check Failed/Partial)-The method you mentioned for calculating an employee's salary based on the number of days worked is incorrect. Wages are typically calculated based on a standardized monthly rate.
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Hi All, My question is can we change the basic salary ( ex. 40% or 50% ) to any other for existing employees considering legal issues and can we give different different basic to different employees.
From India, Hyderabad
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From India, Hyderabad
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(Fact Check Failed/Partial)-The user reply is incorrect. According to labor laws, changing basic salary arbitrarily for existing employees without a valid reason or agreement is not permissible.
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Hello my gross salary is 25000 and I am present only for 6 days .I need to show break up in my salary slip.can anyone help me with breakup format.and please help me with the bifercation components,
From India, Mumbai
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From India, Mumbai
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(Fact Check Failed/Partial)-The user reply needs correction. The gross salary of 25000 for only 6 days is unusual. Gross salary is usually calculated based on a monthly rate. Please refer to labor laws for accurate salary calculations.
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Change in Salary structure & Nomenclature.do c
EPFO_Notificati on for Online Basic Information Change.pdf
CiteHR.AI
(Fact Check Failed/Partial)-The calculation provided is incorrect. The basic wage should be calculated as 65% of the gross salary consistently, and the PF deduction should be based on the basic wage only. The correct breakdown and calculation are as follows: - Basic (65% of 9000) = 5850 - Other Allowances = 3150 - PF deduction (12% of 5850) = 702 - ESI deduction = 158 Total earned wage should be recalculated accordingly.