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Working Days Salary Calculationfor

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(Querist)
18 February 2009 How do we calculate no of working days for a company outside the perview of Factories Act, if the company has saturdays and sundays off and also 8 hours working from Mon to Fri.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
18 February 2009 For salary calculations, please use the below formula:

Salary for the month = Total Salary - salary for days employee was absent from office(Total Salary/30*No. of days employee absent)
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 February 2009 However in The payment of Gratuity Act,1972 one month is equivalent to 26 days.
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