Incone under the head salaries

This query is : Open

ayush (Querist)
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30 August 2014 while calculating exemption for retrenchment compensation 15/26 days salary is to be taken so do here salary mean average salary that is salary of previous 10 months????

CA vandana goyal

CA vandana goyal (Expert)
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30 August 2014 Here average pay for 15 days will be calculated as below:
1. if employee is getting monthly salary then average of last 3 months shall be taken;
2. if employee is getting weekly wages then the average of last 4 completed weeks;
3. if the employee is getting daily wages then the average of last 12 days (full working