Dear all,
As per government norms 26 days are calculated for salary in every month, there is no partiality to the workers like skilled or semi skilled or clerical job the role applicable to all, but some of the private concerns follows 30 or 31 days for their own benefit.
Be clear 26 days are consider salary calculation period.
Regards
Arumugam. N
From India, Tiruchchirappalli
9As per government norms 26 days are calculated for salary in every month, there is no partiality to the workers like skilled or semi skilled or clerical job the role applicable to all, but some of the private concerns follows 30 or 31 days for their own benefit.
Be clear 26 days are consider salary calculation period.
Regards
Arumugam. N
From India, Tiruchchirappalli
Hi ,
One must always calu\culate 30 or 31 days for calculation.In such competitive world money is am important factor for retention so I would advise you to calculate 30 or 31 days.And most of the companies too are following the same
Regards.
From India, Delhi
One must always calu\culate 30 or 31 days for calculation.In such competitive world money is am important factor for retention so I would advise you to calculate 30 or 31 days.And most of the companies too are following the same
Regards.
From India, Delhi
I would like to add that for a fulltime Salaried employee most organisations use the term CTC ( Cost-to-company) these days when deciding on the package. Does this CTC include the PF contribution from the employer side also?
So effectively the Employee will get Salary = CTC-PF contribution. Is this correct?
VIJAY
From India, Hyderabad
So effectively the Employee will get Salary = CTC-PF contribution. Is this correct?
VIJAY
From India, Hyderabad
Hi Suresh,
I have seen you comments about salary calculation where i have some doubts, as per my understanding PF is 12% of the basic salary where you have mentioned 4000/- Rs. is the basic salary, now on this his PF will be 480/- Rs. per month.
now given below calculation, i don't understand, please help me out.
his PF will be 6000/31*31 X 12% = 720 (i.e. per day PF will be 23.23)
may be i am wrong but so please update me on this.
Waiting for your kind Reply.
Kind Regards,
Rupendra Mehta
From India, New Delhi
I have seen you comments about salary calculation where i have some doubts, as per my understanding PF is 12% of the basic salary where you have mentioned 4000/- Rs. is the basic salary, now on this his PF will be 480/- Rs. per month.
now given below calculation, i don't understand, please help me out.
his PF will be 6000/31*31 X 12% = 720 (i.e. per day PF will be 23.23)
may be i am wrong but so please update me on this.
Waiting for your kind Reply.
Kind Regards,
Rupendra Mehta
From India, New Delhi
Hi Suresh,
From ur post this is clear that pay calculation to be made for 30 days.Now i have got two queries:
1) what about feb month having 28 days?
2) Every company follow their own payroll period of 30 days / 31 days so that the salary of the employees get credited by the month end.Take an example like in my company we follow payroll period between 28th of previous month till 27th of current month for pay calculation of current month(ie 31 days).So in this case everymonth it will change as 30 days / 31 days and 28Days and the employees get the salary by current month end.In this case how can the funda of 30 days can be calculated?
Kindly let me know solution for these two. kindly mark a copy of ur reply to my mail id-
Regards,
Rachna Sinha
From India, Hyderabad
From ur post this is clear that pay calculation to be made for 30 days.Now i have got two queries:
1) what about feb month having 28 days?
2) Every company follow their own payroll period of 30 days / 31 days so that the salary of the employees get credited by the month end.Take an example like in my company we follow payroll period between 28th of previous month till 27th of current month for pay calculation of current month(ie 31 days).So in this case everymonth it will change as 30 days / 31 days and 28Days and the employees get the salary by current month end.In this case how can the funda of 30 days can be calculated?
Kindly let me know solution for these two. kindly mark a copy of ur reply to my mail id-
Regards,
Rachna Sinha
From India, Hyderabad
Hi All,
I have seen and read all the discussion over here and still there is lots of confusion about salary calculation day.
what my experiece and knowledge says is always go for 30 days calculation its better and easy to maintain.
but i know it varies to company to company.
Thanks
Kind Regards,
Rupendra :)
From India, New Delhi
I have seen and read all the discussion over here and still there is lots of confusion about salary calculation day.
what my experiece and knowledge says is always go for 30 days calculation its better and easy to maintain.
but i know it varies to company to company.
Thanks
Kind Regards,
Rupendra :)
From India, New Delhi
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