Dear sir, If some one has joined in middle stage in month how can i calculate his salary, Thanks, Ram.V
From India, Hyderabad
From India, Hyderabad
Dear Ram V.
The Salary of an employee depends upon his salary rate i.e. piece rate, daily rate or monthly base rate.
Mostly companies are adopting monthly wage rate system.
It can be calculated as Monthly wage rate*no.of days worked/total no. of days in that month.
E.g. If an employee joins of 16 of January at a gross salary of 10000,then his salary will be
= 10000*16/31
= 5161 Rs.
In the same way we can calculate the others salary
From India, Palwal
1The Salary of an employee depends upon his salary rate i.e. piece rate, daily rate or monthly base rate.
Mostly companies are adopting monthly wage rate system.
It can be calculated as Monthly wage rate*no.of days worked/total no. of days in that month.
E.g. If an employee joins of 16 of January at a gross salary of 10000,then his salary will be
= 10000*16/31
= 5161 Rs.
In the same way we can calculate the others salary
From India, Palwal
Dear Vasu.
If you want details regarding PF and ESI there is lot of threads available in the citehr. And also you can google around to find out answers for your question. But here please mention salary structure i.e., Gross salary for ESI and Basic, DA and retention allowance for calculation of PF and what all deductions your company is making under head; deductions.
Where as payroll is concerned , it is a process of documentation to the effect of paying salaries to the employees. It can be done manually ( by only using registers etc) and by using computers - which makes the process easier...Say for example my company uses Microsoft excel for this purpose.Here an employee's data is maintained like Name, DOJ, No of days worked in the month,Basic salary, DA, HRA , Conveyance allowance,alll these things are mentioned to arrive at his gross salary from this deductions are made like PF,ESI,telephone charges,other things are deducted to arrive at net salary..Like this only in single sheet we can make all these provisions.This is in brief...
Please be specific on your doubts so that we can help u in better way
Regards,
Shreekanth.P.R
From India, Mumbai
If you want details regarding PF and ESI there is lot of threads available in the citehr. And also you can google around to find out answers for your question. But here please mention salary structure i.e., Gross salary for ESI and Basic, DA and retention allowance for calculation of PF and what all deductions your company is making under head; deductions.
Where as payroll is concerned , it is a process of documentation to the effect of paying salaries to the employees. It can be done manually ( by only using registers etc) and by using computers - which makes the process easier...Say for example my company uses Microsoft excel for this purpose.Here an employee's data is maintained like Name, DOJ, No of days worked in the month,Basic salary, DA, HRA , Conveyance allowance,alll these things are mentioned to arrive at his gross salary from this deductions are made like PF,ESI,telephone charges,other things are deducted to arrive at net salary..Like this only in single sheet we can make all these provisions.This is in brief...
Please be specific on your doubts so that we can help u in better way
Regards,
Shreekanth.P.R
From India, Mumbai
Salary calculation is always a choatic manner. If an employee's salary is to be calculated when he/she has joined an organization in the middle of a month, it is a usual practice is that either 30 or 31 is the guideline. If it is February also it is on an average of 30 days usually. It is the colective agreement with the unions or if no union, it is the unanimous agreement of all the employees. No labour law or rule has set a system to it. Usual salary calculation is 30 only, which has been the practice in all the organization in India.
From India, Pune
From India, Pune
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.
Employee Salary file - India 2016 AB.xls
Employee Appraisal Form new.doc