it is also correct - but in my view considering 26 days main instead of calculating on 30 days 31 keep 26 as standard & also used everywhere
not including sundays but you will get full sal for 26 days only thing is that per day
sal will be more i.e. sal/ 26 * no. of days present
pl. if possible chk for 30 days same amount will come
regars,
slg
:)
From India, Belgaum
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1not including sundays but you will get full sal for 26 days only thing is that per day
sal will be more i.e. sal/ 26 * no. of days present
pl. if possible chk for 30 days same amount will come
regars,
slg
:)
From India, Belgaum
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Can any one tell me what is the minimum limit of Basic salary for P.F deduction in Delhi NCR. is there any circular of some written matter.
From India, Delhi
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From India, Delhi
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hi, I am new to this site i want to download salary calculator but each time i am asked to log in when i am already registered with this site. plz help
From India, Calcutta
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From India, Calcutta
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Monthly Gross Salary (MGS) = Annual Gross Salary (AGS)/12
Monthly gross salary = (MGS /Number of days in that month) * (NUmber of days in that month - Number of LWP (leave without pay)
Month with 30 days with 2 lwp (Leave without pay) = (MGS/30) * (30-2 i.e. 28)
Month with 28 days with 2 lwp (Leave without pay) = (MGS/28) * (26)
Month with 31 days with 2 lwp (Leave without pay) = (MGS/31) * (29)
Conclusion: Amt for LWP for February > that Amt for LWP for January.
Thats the standard calculation for all the organisation.
From India, Mumbai
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Monthly gross salary = (MGS /Number of days in that month) * (NUmber of days in that month - Number of LWP (leave without pay)
Month with 30 days with 2 lwp (Leave without pay) = (MGS/30) * (30-2 i.e. 28)
Month with 28 days with 2 lwp (Leave without pay) = (MGS/28) * (26)
Month with 31 days with 2 lwp (Leave without pay) = (MGS/31) * (29)
Conclusion: Amt for LWP for February > that Amt for LWP for January.
Thats the standard calculation for all the organisation.
From India, Mumbai
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Dear Seniors,
I am working as an HR in an IT company. As I am new to this industry, I would require your help in calculating salary structures for the staff. I would like to know about the components and how to calculate them.
From India, Pondicherry
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I am working as an HR in an IT company. As I am new to this industry, I would require your help in calculating salary structures for the staff. I would like to know about the components and how to calculate them.
From India, Pondicherry
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Total CTC/ Annum: 300,000 (Yearly)
Basic: 40% of CTC - 120,000
DA: 10% of Basic - 12,000
HRA: 15% of Basic - 45,000
PF: 12% of Basic + DA - 5,280
Medical Allowance: 10,000 Fixed
Travel Allowance: 50,000 Fixed
Insurance: 25,000 Fixed
Special Allowance: 32,720
Gross Salary: 300,000
From India
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Basic: 40% of CTC - 120,000
DA: 10% of Basic - 12,000
HRA: 15% of Basic - 45,000
PF: 12% of Basic + DA - 5,280
Medical Allowance: 10,000 Fixed
Travel Allowance: 50,000 Fixed
Insurance: 25,000 Fixed
Special Allowance: 32,720
Gross Salary: 300,000
From India
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I m attach a salry sheet for detail calculation it is the detail of all element which is required to calculate the salry of an individual
From Pakistan
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From Pakistan
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Calculation is very simple. If it's a 30-day month, a person's actual working days are 22 days, and actual off-days are 04. See the below example.
For example: there are 22 days attendance + 4 days weekly off = 26 days. Say the monthly salary is 20000/- PM, then the calculation will be: 20000/30 X 26 = 17333.00. Similarly, a month of 31 or 28 days will be calculated as above.
This means: Monthly Salary / Actual Days of that Month X (Actual Working Days + Actual Off Days)
From India, Vadodara
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For example: there are 22 days attendance + 4 days weekly off = 26 days. Say the monthly salary is 20000/- PM, then the calculation will be: 20000/30 X 26 = 17333.00. Similarly, a month of 31 or 28 days will be calculated as above.
This means: Monthly Salary / Actual Days of that Month X (Actual Working Days + Actual Off Days)
From India, Vadodara
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SALARY SHEET CALCULATION.xls
Salary calculation.doc