One candidate joining in the middle of month the salary for 20 days how to calculate. pls guide me
From India, Chennai
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2From India, Chennai
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Dear Gomushan Calculate on a pro-rate basis For Example: 10000/30 *20
From India, Chennai
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From India, Chennai
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Use the same formula suggested by Mr. Moses for each component divided by the number of days of the month.
Salary components February 2018 March 2018 April 2018 Basic Rs.6,000 6000 x 20/28 = 4286 6000 x 20/31 = 3871 6000 x 20/30 = 4000 HRA Rs.3,000 3000 x 20/28 = 2143 3000 x 20/31 = 1935 3000 x 20/30 = 2000 Conveyance Rs.1,500 1500 x 20/28 = 1071 1500 x 20/31 = 968 1500 x 20/30 = 1000
TOTAL Rs.10,500 10500 x 20/28 = 7500 10500 x 20/31 = 6774 10500 x 20/30 = 7000
Hope you will understand the above calculations. Suresh
From India, Thane
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Salary components February 2018 March 2018 April 2018 Basic Rs.6,000 6000 x 20/28 = 4286 6000 x 20/31 = 3871 6000 x 20/30 = 4000 HRA Rs.3,000 3000 x 20/28 = 2143 3000 x 20/31 = 1935 3000 x 20/30 = 2000 Conveyance Rs.1,500 1500 x 20/28 = 1071 1500 x 20/31 = 968 1500 x 20/30 = 1000
TOTAL Rs.10,500 10500 x 20/28 = 7500 10500 x 20/31 = 6774 10500 x 20/30 = 7000
Hope you will understand the above calculations. Suresh
From India, Thane
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