How To Calculate Per Day Salary For The Month Of February

Dear Suresh,The salary components are calculated as below:Basic Salary = 50-60% of gross salary.HRA = 40% in case of Non-metros and 50% in case of Metros (HRA is calculated based on Basic & also for tax exemption).The rest will come as Special Allowances, TA - R...

Dear Sharmila,You mentioned that standard working days should be considered as 30 days in a month irrespective of 28/29/30/31\. However, suppose the salary is to be calculated for the month of August (for example, with 31 days in that month). In such a case, sho...

In this thread, people are mixing two distinct points - one day salary for gratuity calculations and one day salary for monthly computation. Calculations are different for both. For gratuity calculations, 30 days are taken as standard. However, for monthly salar...

@k_shenbagarajan:> Dear All,> > I hope this Excel sheet will help you out. Please review it and provide your feedback.> > I have not included the PF and ESI deductions. If you adjust the LOP, the salary will be calculated automatically.> > The template provided ...

Dear Ms. GHR,The salary is calculated as below:Actual Salary = Gross Salary / No. of Days in the month * No of days workedGross salary = 100,000So for 28 days, Actual Salary = 100,000 / 28 * 28 = 100,000\. His 1-day salary is 3,571/-For 30 days, Actual Salary = ...

Dear Suresh,We don't have a specific law stating the same, but this is followed mostly in all the companies. The tax exemption slab under various sections is also taken into account for the tax benefit of the employee, e.g., like Rs. 800 for TA and Rs. 1250 for ...

Hi,It's Gross Salary / No. of days in that month * Total Paid Days. If the Gross salary is 25000/-, then the Per day salary for August is Rs.806\. If an Employee is joining on the 13th of August, then the Gross salary will be 19 * 806 = Rs.15314/-Regards, Karthi...

Dear All Concerned,The standard 30-day practice is followed by most old companies. I think it is a good procedure. The 26-day calculation is used to arrive at daily wage payments (including payment for weekly offs) as per the law mentioned by our friend VEDA. Fo...