HI, I have a joined a Co on 08.05.2013 and the No of working days in teh month of May '13 is 31 days how much salary should i get?????? rangarajan
From India, Bangalore
From India, Bangalore
Guys Please tell me if i am wrong.
In my previous company salary was calculated as under.
Gross Salary Per Month is 25000.
No of days worked 20 days.
Gross salary * 12 months of the year / 365 day.
25000*12/365 = 821.91 per day
per day salary * no of days worked.
821.91*20 = 16438.36 Salary for the month.
From India, Ahmedabad
In my previous company salary was calculated as under.
Gross Salary Per Month is 25000.
No of days worked 20 days.
Gross salary * 12 months of the year / 365 day.
25000*12/365 = 821.91 per day
per day salary * no of days worked.
821.91*20 = 16438.36 Salary for the month.
From India, Ahmedabad
Dear Sir/Madam,
As per the practice and also statutory obligation in various Laws, if we need to arrive daily wage for an employee:
1. Monthly gross salary / 26 days= daily wage . because weekly off to be paid by employer.
For monthly wage / salary calculation purpose managements has to adapt any one standard method i.e taking 30 days uniform for all 12 months in a year.
Or
Actual days i.e 28,29,30,31 days as per the particular month .
Pl may be given further clarification in this topic by members
From India
8As per the practice and also statutory obligation in various Laws, if we need to arrive daily wage for an employee:
1. Monthly gross salary / 26 days= daily wage . because weekly off to be paid by employer.
For monthly wage / salary calculation purpose managements has to adapt any one standard method i.e taking 30 days uniform for all 12 months in a year.
Or
Actual days i.e 28,29,30,31 days as per the particular month .
Pl may be given further clarification in this topic by members
From India
Hi All,
Thanks for information.
I discussed on this matter with my manager but he is not ready agreeing on this. Can you please provide any kind of valid document which can I show to my senior for proof.
Thanks,
Sushmita Paul.
From India, Bangalore
Thanks for information.
I discussed on this matter with my manager but he is not ready agreeing on this. Can you please provide any kind of valid document which can I show to my senior for proof.
Thanks,
Sushmita Paul.
From India, Bangalore
-------------
The above calculation seems to be wrong. If Employee is joining on 13th Augu then Gross salary will be 19*806=Rs.15322/- NOT Rs.15322/-. Pls correct it.
Sarvesh
From India, Mumbai
The above calculation seems to be wrong. If Employee is joining on 13th Augu then Gross salary will be 19*806=Rs.15322/- NOT Rs.15322/-. Pls correct it.
Sarvesh
From India, Mumbai
Since days of months are not equal , so I think it would be better if we calculation be like this = 25000 (salary) X 12 (year months) / 365( year days ) = 822 (salary per day)
From Saudi Arabia, Jeddah
From Saudi Arabia, Jeddah
Dear All,
Can anybody will try to close this? Please remove misunderstanding in our mind on No. of days. I request senior members kindly give exact calculation for same? please.
Regards,
Bittu (Nagpur)
From India, Nagpur
Can anybody will try to close this? Please remove misunderstanding in our mind on No. of days. I request senior members kindly give exact calculation for same? please.
Regards,
Bittu (Nagpur)
From India, Nagpur
Hi ! Please let me know, with salary structure, if the gross salary is 28000 per month, what amount would get deducted from the employee & employer ??? And how much amount would be in thr pf account from June 2014 to April 2016
From India, Delhi
From India, Delhi
Dear All Concerned,
The Standard 30 days practice is doing most of old companies . I thing it is good procedure.
The 26 days calculation is to arrive daily wage payments ( that is weekly off is also paid ) as per law mentioned by our friend VEDA. for payment of Gratuity and other statutory payments is need to calculate monthly salary divided by 26 days only. even minimum wages rules also we need to follow to arrive daily wages by divided 26 days.
any way, we have to get final clarification by fellow experts in this matter.
From India
The Standard 30 days practice is doing most of old companies . I thing it is good procedure.
The 26 days calculation is to arrive daily wage payments ( that is weekly off is also paid ) as per law mentioned by our friend VEDA. for payment of Gratuity and other statutory payments is need to calculate monthly salary divided by 26 days only. even minimum wages rules also we need to follow to arrive daily wages by divided 26 days.
any way, we have to get final clarification by fellow experts in this matter.
From India
Dear Bhargavi,
I have gone through your discussion, even I am not satisfied with it, there is a difference in amount if we calculating on 30th days and 31st days.
For e.g: if it's 30th month , and Mr.Xyz is having Rs.10,000 salary per month , than per day it's coming Rs.333
He worked for 29 days i.e 1day LOP, so amount will come 10,000/30 *29 days= Rs.9666
If it's 31st month, than per day it's coming Rs.322
calculate same 1 day LOP= so 30days he worked
Now total amount for 30days = 10,000/31*30 days=9677
So if we take standard calculation of 30 days every month , there is a loss for an employee.
This is my point of view, need proper clarification on it.
Regards,
Ami
From India, Bengaluru
I have gone through your discussion, even I am not satisfied with it, there is a difference in amount if we calculating on 30th days and 31st days.
For e.g: if it's 30th month , and Mr.Xyz is having Rs.10,000 salary per month , than per day it's coming Rs.333
He worked for 29 days i.e 1day LOP, so amount will come 10,000/30 *29 days= Rs.9666
If it's 31st month, than per day it's coming Rs.322
calculate same 1 day LOP= so 30days he worked
Now total amount for 30days = 10,000/31*30 days=9677
So if we take standard calculation of 30 days every month , there is a loss for an employee.
This is my point of view, need proper clarification on it.
Regards,
Ami
From India, Bengaluru
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