it is also correct - but in my view considering 26 days main instead of calculating on 30 days 31 keep 26 as standard & also used everywhere
not including sundays but you will get full sal for 26 days only thing is that per day
sal will be more i.e. sal/ 26 * no. of days present
pl. if possible chk for 30 days same amount will come
regars,
slg
:)
From India, Belgaum
not including sundays but you will get full sal for 26 days only thing is that per day
sal will be more i.e. sal/ 26 * no. of days present
pl. if possible chk for 30 days same amount will come
regars,
slg
:)
From India, Belgaum
Can any one tell me what is the minimum limit of Basic salary for P.F deduction in Delhi NCR. is there any circular of some written matter.
From India, Delhi
From India, Delhi
Monthly Gross Salary (MGS) = Annual Gross Salary (AGS)/12
Monthly gross salary = (MGS /Number of days in that month) * (NUmber of days in that month - Number of LWP (leave without pay)
Month with 30 days with 2 lwp (Leave without pay) = (MGS/30) * (30-2 i.e. 28)
Month with 28 days with 2 lwp (Leave without pay) = (MGS/28) * (26)
Month with 31 days with 2 lwp (Leave without pay) = (MGS/31) * (29)
Conclusion: Amt for LWP for February > that Amt for LWP for January.
Thats the standard calculation for all the organisation.
From India, Mumbai
Monthly gross salary = (MGS /Number of days in that month) * (NUmber of days in that month - Number of LWP (leave without pay)
Month with 30 days with 2 lwp (Leave without pay) = (MGS/30) * (30-2 i.e. 28)
Month with 28 days with 2 lwp (Leave without pay) = (MGS/28) * (26)
Month with 31 days with 2 lwp (Leave without pay) = (MGS/31) * (29)
Conclusion: Amt for LWP for February > that Amt for LWP for January.
Thats the standard calculation for all the organisation.
From India, Mumbai
Total CTC/ Annum 300000 Yearly
Basic 40% of CTC 120000
DA 10% of Basic 12000
HRA 15% of Basic 45000
PF 12% of Basic + DA 5280
Medical Allowance 10000 Fixed 10000
Travel Allowance 50000 Fixed 50000
Insurance 25000 fixed 25000
Special allowance 32720 32720
Gross Salary 300000
From India
5Basic 40% of CTC 120000
DA 10% of Basic 12000
HRA 15% of Basic 45000
PF 12% of Basic + DA 5280
Medical Allowance 10000 Fixed 10000
Travel Allowance 50000 Fixed 50000
Insurance 25000 fixed 25000
Special allowance 32720 32720
Gross Salary 300000
From India
Calculation is very simple. If its 30 days month, a person Actual Working Days are 22 days and actual Off-days are 04: See the below example.
(example: there are 22 days attendance + 4 days weekly off = 26 days, say monthly salary is 20000/- PM, then the calculation will be: 20000/30X26 = 17333.00).
Similarly month of 31 or 28 days will be calculated as above.
Means: Monthly Salary / Actual Days of that Month X (Actual Working Days + Actual Off Days)
From India, Vadodara
(example: there are 22 days attendance + 4 days weekly off = 26 days, say monthly salary is 20000/- PM, then the calculation will be: 20000/30X26 = 17333.00).
Similarly month of 31 or 28 days will be calculated as above.
Means: Monthly Salary / Actual Days of that Month X (Actual Working Days + Actual Off Days)
From India, Vadodara
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SALARY SHEET CALCULATION.xls
Salary calculation.doc