Hi All,
My question goes out to people who do salary computation, if an employee has a deduction / leave without pay, how is it calculated ?
Per Day Salary = Gross Salary / No of Working Days
Per Day Salary = Gross Salary / No of Monthly Days
What do most of the MNC's & Corporate follow.
Thank You
From India, Mumbai
1My question goes out to people who do salary computation, if an employee has a deduction / leave without pay, how is it calculated ?
Per Day Salary = Gross Salary / No of Working Days
Per Day Salary = Gross Salary / No of Monthly Days
What do most of the MNC's & Corporate follow.
Thank You
From India, Mumbai
Hi Isaacfern,
The calculation of LOP is done in both ways depending on how the employees are paid :
1) Per Day Salary = Gross Salary / No of Working Days
This is applicable if the employees are paid for 26 days a month i.e. excluding Weekly Offs.
2) Per Day Salary = Gross Salary / No of Monthly Days
This is applicable if the employees are paid for complete 30/31 days of the month i.e. including Weekly Offs.
Mostly Companies pay the employees for 30/31 days, so the 2nd method is usually used.
From India, Pune
The calculation of LOP is done in both ways depending on how the employees are paid :
1) Per Day Salary = Gross Salary / No of Working Days
This is applicable if the employees are paid for 26 days a month i.e. excluding Weekly Offs.
2) Per Day Salary = Gross Salary / No of Monthly Days
This is applicable if the employees are paid for complete 30/31 days of the month i.e. including Weekly Offs.
Mostly Companies pay the employees for 30/31 days, so the 2nd method is usually used.
From India, Pune
Was just going through the site and got a related post which says, that by Law, leaves are to be calculated on Basic+Da i.e. Leave Deduction and Leave Encashment.
You can check the link :
https://www.citehr.com/454918-leaves...alary-pg2.html
From India, Pune
You can check the link :
https://www.citehr.com/454918-leaves...alary-pg2.html
From India, Pune
Hi All,
What all are the disadvantages of Leave Without Pay?
Current Salary, Bonus,
and if Leave Without Pay is not sanctioned, does it count for Break in service?
and What all are the disadvantages of unsanctioned Leave Without Pay?
Current salary, Bonus, Provident Fund, Grauty etc.
By highlighting the disadvatages can Absentism be minimised?
Your views are important.
AK Mathur
From India, Delhi
What all are the disadvantages of Leave Without Pay?
Current Salary, Bonus,
and if Leave Without Pay is not sanctioned, does it count for Break in service?
and What all are the disadvantages of unsanctioned Leave Without Pay?
Current salary, Bonus, Provident Fund, Grauty etc.
By highlighting the disadvatages can Absentism be minimised?
Your views are important.
AK Mathur
From India, Delhi
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Salary Breakup alongwith TDS working and Computation A.Y. 13-14.xls