Dear member , Does number of leaves alloted vary with amount of basic pay amount? Regards, Nikhil Sharma, Jaipur
From India, Delhi
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41From India, Delhi
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Number of leaves is usually granted by taking into consideration the bare minimum leaves stated by the Shops and Establishments Act, Factories Act, or any other act suitable to the company. Note that the maximum number of leaves granted by the company should be in compliance with such a number.
For example, as per the act, you are required to provide 21 leaves to your employees annually. The year for this purpose is usually the calendar year (Jan-Dec).
If someone joins in the middle of the year, the eligible leaves for that person won't be 21 but will be on a pro-rata basis, i.e., 21/12 * (number of months served in the year).
I hope this clarifies your doubt.
From India, Mumbai
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For example, as per the act, you are required to provide 21 leaves to your employees annually. The year for this purpose is usually the calendar year (Jan-Dec).
If someone joins in the middle of the year, the eligible leaves for that person won't be 21 but will be on a pro-rata basis, i.e., 21/12 * (number of months served in the year).
I hope this clarifies your doubt.
From India, Mumbai
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How to design salary structure if gross salary is Rs 14000 per month? Regards, Nikhil Sharma
From India, Delhi
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From India, Delhi
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Hello Nikhil,
Please refer to the following links for information on salary structures and CTC:
1) https://www.citehr.com/210625-salary...ct-labour.html
2) https://www.citehr.com/59559-ctc-details.html
3) https://www.citehr.com/342888-differ...alary-net.html
Project your work according to the percentage contributions, and then we can collaborate on any minor changes in the structure. The reason I ask you to do this is to help you gain confidence.
From India, Mumbai
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Please refer to the following links for information on salary structures and CTC:
1) https://www.citehr.com/210625-salary...ct-labour.html
2) https://www.citehr.com/59559-ctc-details.html
3) https://www.citehr.com/342888-differ...alary-net.html
Project your work according to the percentage contributions, and then we can collaborate on any minor changes in the structure. The reason I ask you to do this is to help you gain confidence.
From India, Mumbai
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Leave Encashment & Salary Calculation.xls x