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To deduct TDS for employees, you will need to follow the guidelines set by the tax authorities. It is essential to calculate the TDS accurately based on the employee's income and applicable tax rates. Additionally, understanding the basis salary is crucial as it...
If the salary is 21711, what would be the CTC?BASIC - 10,001Special Allowance - 5,031Conveyance - 800HRA - 5,001Medical Allowance - 1,250LTA - 833Gross Salary - 22,916PF - 1,250Base Salary - 24,116Based on the above details, what salary hike can be expected?
Hi Arunsinh,I have a query regarding the calculation of salary for a new employee who started working on September 17th in the organization. There were 2 weekends in between, and the total monthly salary is $49,270\. How should we calculate this considering the ...
Hi,Could you please let me know in detail about the calculation of SALARY, i.e., Basic pay, DA, HRA, etc., in terms of percentages (as against CTC)? For example, 50% of CTC is taken as HRA, etc. Please reply to me soon and email me at this address: samia.1982@gm...
Hi,The rate of absenteeism is a measure of the percentage of employees who are absent from work over a specified period of time. It's an important metric for businesses to track because excessive absenteeism can lead to decreased productivity and increased costs...
For any organization, a certain period's amount of available man-days and the amount of absenteeism man-days have to be determined first. The ratio between the absenteeism man-days vs. available man-days is the ratio; it is also possible to find out the percenta...
Rate of Absenteeism (Ratio): How to CalculateTo calculate the rate of absenteeism, you can use the following formula:Rate of Absenteeism = (Number of Days Absent / Total Number of Workdays) x 100This formula will give you a percentage that represents the rate of...
Hi,To calculate attrition percentage, you need to divide the average number of departures in a given period by the average number of employees in that period and then multiply by 100 to get the percentage.
To calculate the Attrition Rate, you can use the following formula:Attrition Rate = (Number of employees who left during a period / Average number of employees during the same period) x 100For example, if 20 employees left a company in a year, and the average nu...
How can we calculate the attrition rate and ratio?To calculate the attrition rate, you can use the formula: Attrition Rate = (Number of employees who left during a period / Average number of employees during the same period) x 100\. This formula helps organizati...