Hi seniors
I Need yours help regarding calculation of wages for ESI & EPF. Assume Mr. X monthly salary is 6000 PM say basic plus DA for PF purpose however in the month of december Mr. X taken one leave (LOP) pls clarify in this scenario how the wages for LOP will be calculate weather 6000/31*1 or 6000/30*1 or 6000/26*1
Also clarify weather the same formula will be applicable even in case of ESI?
Regds
Rachna Mittal
From India, Agra
I Need yours help regarding calculation of wages for ESI & EPF. Assume Mr. X monthly salary is 6000 PM say basic plus DA for PF purpose however in the month of december Mr. X taken one leave (LOP) pls clarify in this scenario how the wages for LOP will be calculate weather 6000/31*1 or 6000/30*1 or 6000/26*1
Also clarify weather the same formula will be applicable even in case of ESI?
Regds
Rachna Mittal
From India, Agra
depends on company policy, if Sunday is paid weekly leave then 30 ( in salary calculation its always calendar days)
however where wages are paid on daily wages, no work no pay basis, there 26 days or 25 days formula is applied (mostly in factory workers case)
632however where wages are paid on daily wages, no work no pay basis, there 26 days or 25 days formula is applied (mostly in factory workers case)
Sir,
We are paying wages to workers monthly basis however sunday is the
Paid weekly off. Pls clarify in this scenario weather wages say 6000 PM
shall be devided by 30 days or 26 days
I.e. 6000/30 days*1 (LOP) or 6000/26 days*1 (LOP)
Pls clarify....
From India, Agra
We are paying wages to workers monthly basis however sunday is the
Paid weekly off. Pls clarify in this scenario weather wages say 6000 PM
shall be devided by 30 days or 26 days
I.e. 6000/30 days*1 (LOP) or 6000/26 days*1 (LOP)
Pls clarify....
From India, Agra
For all the working days or worked days the pf to be Paid. However the standard policy is followed as per PF authority.For calculating the month it is excluding the weekly off always.
From India, Vadodara
From India, Vadodara
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.
ESI Wages.doc