1.What will be my salary during February if I joined on 5th Feb and If I joined on 27 Feb (Monthly salary 9000/-.
2. What will be my salary during March if I joined on 5th March and If I joined on 31 st March (Monthly salary 9000/-.
What is the mean days for salary calculation in the private sector.
Please Reply fast.
Regards
Rikhi Jha
From India, undefined
2. What will be my salary during March if I joined on 5th March and If I joined on 31 st March (Monthly salary 9000/-.
What is the mean days for salary calculation in the private sector.
Please Reply fast.
Regards
Rikhi Jha
From India, undefined
Dear Rikhi Jha,
1a) If join date is February 5, the attendance will be 24 days, i.e 5th to 28th or except 4 (1 to 4) days. Salary for 24 days = 9000 x 24/28 = 7714.29
1b) If join date is February 27, the attendance will be 2 days, i.e 27th & 28th. Salary for 2 days = 9000 x 2/28 = 642.86
2a) If join date is March 5, the attendance will be 27 days, i.e 5th to 31st or except 4 (1 to 4) days. Salary for 27 days = 9000 x 27/31 = 7838.71
2b) If join date is March 31, the attendance will be 1 day, i.e 31st March only. Salary for 1 day = 9000/31 = 290.32
Abbas.P.S
From India, Bangalore
5171a) If join date is February 5, the attendance will be 24 days, i.e 5th to 28th or except 4 (1 to 4) days. Salary for 24 days = 9000 x 24/28 = 7714.29
1b) If join date is February 27, the attendance will be 2 days, i.e 27th & 28th. Salary for 2 days = 9000 x 2/28 = 642.86
2a) If join date is March 5, the attendance will be 27 days, i.e 5th to 31st or except 4 (1 to 4) days. Salary for 27 days = 9000 x 27/31 = 7838.71
2b) If join date is March 31, the attendance will be 1 day, i.e 31st March only. Salary for 1 day = 9000/31 = 290.32
Abbas.P.S
From India, Bangalore
you monthly salary will be divided by 28 in feb month and then delivered to you for one day same in case of march you will get less salary in march month, because there are 31 days , its same for deduction in February more salary will dedicated as per compression with march month
From India, Mohali
From India, Mohali
Usually companies calculate per day salary on the basis of 30 days for all months in the year. Thus, it will be calculated as: (total salary/30)*no. of days worked in that month.
Make it clear. In seven months viz. January, March, May, July, August, October and December, there are 31 days. If an employee has an attendance of 30 days and one day LWOP, will he get full salary.
Abbas.P.S
From India, Bangalore
Abbas.P.S
From India, Bangalore
If You Joined on 5th February then Your salary will be 9000*24/28 = 7714.00
If You Joined on 27th February then Your salary will be 9000*2/28 = 643.00
If You Joined on 5th March then Your salary will be 9000*28/31 = 8129.00
If You Joined on 31th March then Your salary will be 9000*1/31 = 290.00
From India, Chandigarh
If You Joined on 27th February then Your salary will be 9000*2/28 = 643.00
If You Joined on 5th March then Your salary will be 9000*28/31 = 8129.00
If You Joined on 31th March then Your salary will be 9000*1/31 = 290.00
From India, Chandigarh
if there is No LOWP then
Your Salary if You Joined on 5th February (9000x24)/28 = Rs. 7714.28 (we assume Feb has 28 days month)
Your Salary if You Joined on 27th February (9000x2)/28 = Rs. 642.85 (we assume Feb has 28 days month)
Your Salary if You Joined on 5th March (9000x27)/31 = Rs. 7838.70
Your Salary if You Joined on 31th March (9000x1)/31 = Rs. 290.30
if there are Some LOWP then
if there is No LOWP then
Your Salary if You Joined on 5th February (9000 x 24-LWOP)/28 (we assume Feb has 28 days month)
Your Salary if You Joined on 27th February (9000 x 2 - LWOP)/28 (we assume Feb has 28 days month)
Your Salary if You Joined on 5th March (9000x27 - LWOP)/31
From India, Chandigarh
Your Salary if You Joined on 5th February (9000x24)/28 = Rs. 7714.28 (we assume Feb has 28 days month)
Your Salary if You Joined on 27th February (9000x2)/28 = Rs. 642.85 (we assume Feb has 28 days month)
Your Salary if You Joined on 5th March (9000x27)/31 = Rs. 7838.70
Your Salary if You Joined on 31th March (9000x1)/31 = Rs. 290.30
if there are Some LOWP then
if there is No LOWP then
Your Salary if You Joined on 5th February (9000 x 24-LWOP)/28 (we assume Feb has 28 days month)
Your Salary if You Joined on 27th February (9000 x 2 - LWOP)/28 (we assume Feb has 28 days month)
Your Salary if You Joined on 5th March (9000x27 - LWOP)/31
From India, Chandigarh
I am an Accountant in Pvt Logistic firm my job responsibility in this firm is Billing, Accounting entries update in Tally ERP, Petty Cash, Payment Follo-ups, bank reconcilation and other administrative work. and my boss ask me for prepare MIS report including (daily billing, ch details, petty cash details etc in one sheet ) so please help me and provide any format of MIS sheet for Accounting
From India, New Delhi
From India, New Delhi
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SALARY SHEET CALCULATION.xls
Salary calculation.doc