Salary Sheet For 31 Days
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Hi,Instead of 30 days for all months, it is better to calculate for 30.44\. The calculation is as follows:Days in a year: 365 x 3 yearsDays in a leap year: 366Total days in 4 years = 1098Calculation: 1098 (days) / 4 (years) / 12 (months) = 30.44Regards,M. Suresh...
Hi, this is Sandy. Could anyone please clear my doubt? If a company works 5 days a week, in a payslip, we write the working days as 22 days. If it's 22 days, in the payroll sheet, do we calculate 'per day salary' for 22 days or 30 days?–-Hi Sandy,In a scenario w...
**Salary Calculation for 22 Days or 30 Days: Hyderabad, India**In the context of a company operating with a 5-day work week where the payslip reflects 22 working days, the calculation of 'per day salary' in the payroll sheet is typically based on the actual work...
Hi Manoj,For a monthly salaried employee, the calculation needs to be done with the maximum number of days as the denominator for division. For a daily worker, it needs to be based on 26 days, so please check which module your vendor is using.Also, note that the...
As per the law, the employee/worker will be eligible for a day off with pay after working for 48 hours, i.e., after working for 6 days, they are entitled to one day off per week with pay. Therefore, the total wages/salaries should be divided by 26 days. Your ven...
Monthly salary/wages are calculated based on 30 days, while daily-rated wages are calculated based on 26 days.
Hi, my vendor calculates salary based on 26 days. Can you please advise if this is correct or not?
Your vendor's method of calculation is correct.
As per my understanding, daily and monthly rated wages do not differ because in daily rated wages, the weekly off amount is also considered during the fixation of wage by authority.
Dear R K Singh ji,That's why the amount differs.Thank you.