Salary calculation
This query is : Resolved
10 August 2010
dear all
In my client for salary calculation Loss of pay calculated like this
1.LOP=(Basic salary/31)*No.Leave
In my opinion 2. Lop=(basic salary/26*No.Leave)
Which one is Right
Is it any problem if the company following the first Which one is as per law
In my client for salary calculation Loss of pay calculated like this
1.LOP=(Basic salary/31)*No.Leave
In my opinion 2. Lop=(basic salary/26*No.Leave)
Which one is Right
Is it any problem if the company following the first Which one is as per law
10 August 2010
Suppose an employee takes leave from saturday to monday and came on tuesday. In this case there are 2 methods:
1- You will count sunday as leave taken. If it is so then point 1 in your case should be opted.
2- However, if sunday is considered permanently off and 2 days are considered for his leave then point 2 in your case shall be opted.
In practical situaton point 1 is opted by the employers as it is more baneficial for them
1- You will count sunday as leave taken. If it is so then point 1 in your case should be opted.
2- However, if sunday is considered permanently off and 2 days are considered for his leave then point 2 in your case shall be opted.
In practical situaton point 1 is opted by the employers as it is more baneficial for them
Message likes :
1 times
10 August 2010
thanks sir
How the point two will beneficial to employers
For example One who takes two leave and B.S. 3000
then LOP under 1 is =(3000/30)*2=200
LOP under option two is (3000/26*2)=230
it is beneficial to employees How it is beneficial to employers? pls tell me i Don't know sir
How the point two will beneficial to employers
For example One who takes two leave and B.S. 3000
then LOP under 1 is =(3000/30)*2=200
LOP under option two is (3000/26*2)=230
it is beneficial to employees How it is beneficial to employers? pls tell me i Don't know sir
10 August 2010
thanks sir
How the point two will beneficial to employers
For example One who takes two leave and B.S. 3000
then LOP under 1 is =(3000/30)*2=200
LOP under option two is (3000/26*2)=230
it is beneficial to employees How it is beneficial to employers? pls tell me i Don't know sir
How the point two will beneficial to employers
For example One who takes two leave and B.S. 3000
then LOP under 1 is =(3000/30)*2=200
LOP under option two is (3000/26*2)=230
it is beneficial to employees How it is beneficial to employers? pls tell me i Don't know sir
10 August 2010
The reason is very simple if employer counts sunday as permanent off then those employees, who does not take leave because of sunday will also be counted as leave, will be free to take the leave. It means the employer has to face the problem of short staff due to wrong policy. However, this does not apply to the middle and top management personnel.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
