Loss Of Pay Calculation
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Search Result For "Loss Of Pay Calculation" - Page 1
Dear Nithyakousalya,The reply from Zena Mesra is correct. It depends on the company policy, but most companies follow only for gross salary.Regards,Alphonse 😂😂😂GTE
If we pay PL calculation on basic salary, loss of pay should be the same, and the notice period should also be served on basic pay only.
Dear Nithya,It depends on company policy, but in most cases, loss of pay is deducted from gross salary. All the components of salary become pro-rata in such cases.Hope this solves your query.Regards,SK Jena
Hi Nithya,I have a doubt whether to deduct loss of pay from the gross salary or from the basic pay. Could you please clarify this for me?Thanks and regards,Nithya
If there is no salary and a loss of pay for 30 days due to continuous leave for 2 months, will the company pay PF?
Hi,How can we calculate the loss of pay? Is there any standard formula to calculate LOP in a spreadsheet? Which is the correct method of calculation (based on the number of days in a month (30) or the number of working days (for example, 25 days))?
It should be based on the number of days in a month. Since LOP covers the interregnum Sundays/holidays, it is fair to calculate only based on the number of days in a month, which is widely being followed.
How can we calculate the Loss of Pay? Is there a standard formula to calculate LOP in a spreadsheet? Which is the correct method of calculation (based on the number of days in a month (30) or the number of working days (for example, 25 days))?
If I take 2 days leave per month, should the daily wages calculation be based on the number of working days or total days in a month? If it is based on the number of working days, for example, 26, then the loss of pay will be higher. However, if it is based on t...
An employee having a Gross salary less HRA = 10000\. He is eligible for a bonus as follows:Apr18 May18 Jun18 Jul18 Aug18 Sept18 Oct18 Nov18 Dec18 Jan19 Feb19 Mar19 Total Bonus FY18-197000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 84000 84000*8.33% =...