Company has to pay me notice for 30 days basic pay and full salary for 15 days in F&F settlement.
Please help in calculating the per-day amount. Should it be calculated based on 30 days or 31 days? Basic/30 = per day basic or Basic/31 = per day basic.
The company decided to choose 31 days to calculate the per-day salary, which decreases my pay. Is there any law that can help me in calculating the salary based on the standard 30 days calculation?
From India, Bengaluru
Acknowledge(0)
Amend(0)
Please help in calculating the per-day amount. Should it be calculated based on 30 days or 31 days? Basic/30 = per day basic or Basic/31 = per day basic.
The company decided to choose 31 days to calculate the per-day salary, which decreases my pay. Is there any law that can help me in calculating the salary based on the standard 30 days calculation?
From India, Bengaluru
Acknowledge(0)Amend(0)
Also, the bonus amount is not paid for the period I was working in the company. It is stated that the bonus will be paid only if the employee is working in the organization while the bonus is paid out even if the employee worked in the organization for the time the bonus is calculated for. I request your advice.
From India, Bengaluru
Acknowledge(0)Amend(0)
From India, Bengaluru
Acknowledge(0)Amend(0)
Dear Juana,
For all purposes other than the calculation of statutory gratuity, a month is deemed to comprise 30 days only. For gratuity, it is deemed to have 26 days. Therefore, for the settlement of dues on full and final, the last month in which separation happens should be deemed to have 30 days only, irrespective of the actual number of days in that month. If an employee works for a minimum of 30 working days in an accounting year, he is entitled to get a bonus for that year, irrespective of the fact that he is in the service of the establishment on the date of payment of the bonus or not. Hence, the contention of the management is not legally correct.
From India, Salem
Acknowledge(0)Amend(0)
6185For all purposes other than the calculation of statutory gratuity, a month is deemed to comprise 30 days only. For gratuity, it is deemed to have 26 days. Therefore, for the settlement of dues on full and final, the last month in which separation happens should be deemed to have 30 days only, irrespective of the actual number of days in that month. If an employee works for a minimum of 30 working days in an accounting year, he is entitled to get a bonus for that year, irrespective of the fact that he is in the service of the establishment on the date of payment of the bonus or not. Hence, the contention of the management is not legally correct.
From India, Salem
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
SALARY SHEET CALCULATION.xls