Dear Sir,
Please help me understand the rules for calculating salary. I am confused about whether the salary for the month should be calculated based on 26/27 or 30/31 days. For example, if the monthly salary is 10,000, how should it be calculated:
Is it 10,000/26 or 30 * one day's salary (including Sundays or not)?
I would like to know the rule and any justification for it so that I can explain it to my colleagues and clear their doubts.
Regards,
Archana
From India, Mumbai
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Please help me understand the rules for calculating salary. I am confused about whether the salary for the month should be calculated based on 26/27 or 30/31 days. For example, if the monthly salary is 10,000, how should it be calculated:
Is it 10,000/26 or 30 * one day's salary (including Sundays or not)?
I would like to know the rule and any justification for it so that I can explain it to my colleagues and clear their doubts.
Regards,
Archana
From India, Mumbai
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If your employee work on basic means fix salary, so you should have to count salary on 30/31 days, and if you employee work on piece rete or on daily wages so, you may go with 26/27 days. :)
From India, Mumbai
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1From India, Mumbai
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Hi what ever you said one part is ok but When it comes to loss of pay it is going to be different. When in the Month of Feb what the calculation / SLG
From India, Belgaum
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From India, Belgaum
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Hi,
If I am getting 8500 as a CTC per month, how can I calculate CTC in terms of HRA, PF, LTA, basic salary, and other allowances? Please help me out with this problem.
Note: If there is any link available for HRA, LTA calculator, please share those links also.
Thanks,
Ramakrishnan
From India
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If I am getting 8500 as a CTC per month, how can I calculate CTC in terms of HRA, PF, LTA, basic salary, and other allowances? Please help me out with this problem.
Note: If there is any link available for HRA, LTA calculator, please share those links also.
Thanks,
Ramakrishnan
From India
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Salary calculation can be done as follows:
- Calendar Days: total salary divided by days in a month multiplied by the number of days to pay.
- Working Days: total salary divided by the number of working days in a month multiplied by the actual days worked.
- Working Hours: total salary divided by standard working hours in a month multiplied by total worked hours. For example, if an employee works 45 hours in a week (8 hours a day, 5 days a week), then 45 * 52 / 12 = 195 as standard working hours. Here, 52 represents the total weeks in a year, and 12 represents the total months in a year.
For salary calculation with a gross salary of $10,000 and 100 worked hours:
10000 / 195 * 100 = 5128.
Regards,
Nasar
From United Arab Emirates, Abu Dhabi
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- Calendar Days: total salary divided by days in a month multiplied by the number of days to pay.
- Working Days: total salary divided by the number of working days in a month multiplied by the actual days worked.
- Working Hours: total salary divided by standard working hours in a month multiplied by total worked hours. For example, if an employee works 45 hours in a week (8 hours a day, 5 days a week), then 45 * 52 / 12 = 195 as standard working hours. Here, 52 represents the total weeks in a year, and 12 represents the total months in a year.
For salary calculation with a gross salary of $10,000 and 100 worked hours:
10000 / 195 * 100 = 5128.
Regards,
Nasar
From United Arab Emirates, Abu Dhabi
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EMPLOYEE SALARY INCOME TAX CALCULATION.xls x