Hello professionals, Please help me with the below query.
If an employee's salary is credited by applying two LOPs instead of one, how should we process this? Is it okay to adjust it in the next salary, or is clearing it in the current month necessary? I look forward to your opinion.
From India, Kochi
9If an employee's salary is credited by applying two LOPs instead of one, how should we process this? Is it okay to adjust it in the next salary, or is clearing it in the current month necessary? I look forward to your opinion.
From India, Kochi
This is only a clerical error. It can be rectified by paying one day salary along with current month salary (payable next month). When two days' leave is deducted, you should have paid less amount of PF, ie, PF for 28/29 days as against 29/ 30 days. When you pay one day salary along with next month pay, please endorse it as "arrear of salary" and PF shall also be deducted as "PF of arrear of salary" in order to avoid attraction of interest and damages.
From India, Kannur
From India, Kannur
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.
Salary-Note.doc
SALARY SHEET CALCULATION.xls