what is mean By fixed salary ? and if any employee under fixed salary so can we deduct absent day salary or not and also what is full day and half day payment policy in fixed salary.
From India, Ahmedabad
1From India, Ahmedabad
Fixed salary means that there is only a consolidated monthly payment made to the employees which remains so during the entire period. For Ex. Rs. 15,000/- for te initial period of six months. In other words there is no variable allowance paid to the employees during this period. Typically Dearness Allowance is a variable allowance which is periodically revised with the raise/fall in Consumer Price Index.
The one day salary would be monthly fixed salary divided by 26 days in case salary is paid for 208 hours in a month or divided by 30/31 days where it is paid for full attendance in a month. Hald day salary would be half the daily salary calculated as above.
From India, Mumbai
The one day salary would be monthly fixed salary divided by 26 days in case salary is paid for 208 hours in a month or divided by 30/31 days where it is paid for full attendance in a month. Hald day salary would be half the daily salary calculated as above.
From India, Mumbai
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Salary Structure Policy ().xls
Salary-Note.doc