Hi HR Friends,
In my company v calculate the salary for 30 days cycling. My doubt is in feb it is 28 days working so v have to calculate 28days r 30 days. Suppose if calculate for 30days then who will b benefited employee r employeer? Is there any act for this.
please clarify.
Dilip A
From India, Hyderabad
4In my company v calculate the salary for 30 days cycling. My doubt is in feb it is 28 days working so v have to calculate 28days r 30 days. Suppose if calculate for 30days then who will b benefited employee r employeer? Is there any act for this.
please clarify.
Dilip A
From India, Hyderabad
Hi Dilip & Kammana.
In the month of February, the salary would be counted on the base of the total working days of that month.
Means the salary would be counted as
The amount*present days/Total working days = Net Salary
If the amount is of Rs. 10,000/-, Present days are 25 days, then the Calculation would be
10,000*25/28 = 8,928.57
The Salary Amount would be = Rs. 8,928.57
From India, Pune
In the month of February, the salary would be counted on the base of the total working days of that month.
Means the salary would be counted as
The amount*present days/Total working days = Net Salary
If the amount is of Rs. 10,000/-, Present days are 25 days, then the Calculation would be
10,000*25/28 = 8,928.57
The Salary Amount would be = Rs. 8,928.57
From India, Pune
if you are calculating all the months with thirty then you have to calculate feb month with 30 if you calculate 31 days month by 31 & 30 days month by 30 then you have to calculate by 28 in feb month
regards
abhishek kumar
hr & admin executive
From India, Faridabad
regards
abhishek kumar
hr & admin executive
From India, Faridabad
Hi !
This depends on company policy. You calculate the salary either on 'calendar days' basis or on 'fixed' days basis. From your mail, I understand that you are calculating based on fixed days. So, you have to use 30days for Feb also.
The employee will benefit if there is an LOP in Feb; at the same time, employee will lose when there is an LOP in Mar, May etc.
Regards,
Bala
From India, Bangalore
This depends on company policy. You calculate the salary either on 'calendar days' basis or on 'fixed' days basis. From your mail, I understand that you are calculating based on fixed days. So, you have to use 30days for Feb also.
The employee will benefit if there is an LOP in Feb; at the same time, employee will lose when there is an LOP in Mar, May etc.
Regards,
Bala
From India, Bangalore
Subject - Re: Payroll Calculation Good mornig everybody, This is most popular question. In one year 365 days.This depend on company policy how they calculate this. regards Ravinder Sharma
From India, Ambala
From India, Ambala
Yes Mr. Abhishek z totally right. If comp z not paying 31 days(one day extra) salary, they can not pay/deduct 28 days(two days less) salary.
From India, Delhi
From India, Delhi
In this thread and in many other threads, HR people are worshiping the "Company's Policies" as the only Gospel for them.
This is a great misconception.
The Law is the only policy. The Company's Policies cannot override the provisions of the various laws under which the establishments govern. Rather the company's Policies must be in conformity with the law. Any Policy that is not within the purview of the law is ultra-virus abnitio.
Now comes the point of treating the Feb (in view of treating a month of 30 days) . Why this question was not raised for seven other months i.e., Jan, Mar, May, Jul, Aug, Oct & Dec.
It is a matter of common sense that the wages earned for that much days as much these are in a month. The rightful for both employee and employer is to get and pay the equatable amount as much earned in a particular month.
I don't understand what is rational on treating every month as a month of 30 days. By doing so the employer pay for 30*12=360 days only and saves money for 5 man days per person per year. This is against the law.
From India, Chandigarh
This is a great misconception.
The Law is the only policy. The Company's Policies cannot override the provisions of the various laws under which the establishments govern. Rather the company's Policies must be in conformity with the law. Any Policy that is not within the purview of the law is ultra-virus abnitio.
Now comes the point of treating the Feb (in view of treating a month of 30 days) . Why this question was not raised for seven other months i.e., Jan, Mar, May, Jul, Aug, Oct & Dec.
It is a matter of common sense that the wages earned for that much days as much these are in a month. The rightful for both employee and employer is to get and pay the equatable amount as much earned in a particular month.
I don't understand what is rational on treating every month as a month of 30 days. By doing so the employer pay for 30*12=360 days only and saves money for 5 man days per person per year. This is against the law.
From India, Chandigarh
Dear Dilip A,
I am working as a payroll executive with Pharma Company,
we r calculate salary for example 10,000.00 per month
January (31 working day) 10,000.00 / 31 (working days in the month) X 31 Present Days (present days + W/ff + HL + leaves) = 10,000.00 his gross salary.
February (28 working day) 10,000.00 / 28 (working days in the month) X 28 Present Days (present days + W/ff + HL + leaves) = 10,000.00 his gross salary.
April (30 working day) 10,000.00 / 30 (working days in the month) X 30 Present Days (present days + W/ff + HL + leaves) = 10,000.00 his gross salary.
I think this is useful to you
thanking you
regards
V.Sudheer
Hyderabad
9553555588
From India, Hyderabad
I am working as a payroll executive with Pharma Company,
we r calculate salary for example 10,000.00 per month
January (31 working day) 10,000.00 / 31 (working days in the month) X 31 Present Days (present days + W/ff + HL + leaves) = 10,000.00 his gross salary.
February (28 working day) 10,000.00 / 28 (working days in the month) X 28 Present Days (present days + W/ff + HL + leaves) = 10,000.00 his gross salary.
April (30 working day) 10,000.00 / 30 (working days in the month) X 30 Present Days (present days + W/ff + HL + leaves) = 10,000.00 his gross salary.
I think this is useful to you
thanking you
regards
V.Sudheer
Hyderabad
9553555588
From India, Hyderabad
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