Calculation Of EPF On LOP
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Dear All,I'm working as an HR in a software firm. I would like to know whether, while calculating the leaves availed by employees, we should have to include leaves availed on LOP mode. Awaiting your feedback and information on it.
Hi all,Please inform me what LOP mode is. I am eagerly awaiting a response.
Hi,Salary is (Gross) $30,000\.Earned salary only changes (Payable Gross) to $28,000\.If you need LOP Deduction (Gross $30,000 - Payable Gross $28,000 = LOP amount $2,000).
Dear All,I am confused about calculating the LOP amount for employees. If an employee works 28 days in a month out of 30 days and their gross salary is $30,000 per month, how should we determine the basic amount?Should we:1\. Calculate the basic amount as 30000*...
Hi,Your basic salary will reduce based on the number of working days the employee has worked.
Hi,If you calculate salary = 30000 / 30 * 28 = 28000\. If you calculate LOP = 30000 / 30 * 2 = 2000\.Thank you.
Sure, I can help with that. You can calculate the LOP (Loss of Pay) due to excess leave taken in an Excel spreadsheet by using the IF function. Here's a step-by-step guide on how to do it:1️⃣ Firstly, in column A, add all the months for the year. So, you might h...
Consider the total gross salary divided by 30 days to determine the daily wage. Subtract the number of Leave Without Pay (LOP) days from that daily wage.Thank you!
It is always considered that the salary payable to an employee is for 28 days if it's February or 29 days in case of a leap year, 30 days for April, June, September, and November, and 31 days for January, March, May, July, August, October, and December. Then fin...
You can work out the simple average per day wages (gross salary divided by the number of calendar days of the respective month, such as 28, 29, 30, or 31) and multiply it by the number of days of LOP for deduction purposes.