How is loss of pay calculated for contract basis job with monthly salary in a public sector firm?
From India, Ernakulam
Dear Mr Biju
are you asking this question as an Employer? or as an Employee? you have stated that it is Monthly Salary. Monthly Gross Salary is divided by Total Days or by 26 Days multiplied by Total days worked+Weekly Off+National or Festival Holidays+Paid leaves like CL/SL/PL etc
Contract Employee is on par with Regular Monthly Salary Employee in terms of method of Calculation of Salary

From India, New Delhi
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