I am working in an IT Company with a strength of 50 approx.
Do companies follow a std no. of working days while calculating salary? Mostly salaries are calculated based on the formula: (Monthly Gross*(no. of days present/26)), Generally 26 working days are considered.
But then is it 26 working days for 31 days month & 25 for 30 days month , what about Feb?
And also, what about national holidays?
All your comments and suggestions will be highly appreciated.
Regards,
Manidipa (HR Manager)
From India, Pune
Do companies follow a std no. of working days while calculating salary? Mostly salaries are calculated based on the formula: (Monthly Gross*(no. of days present/26)), Generally 26 working days are considered.
But then is it 26 working days for 31 days month & 25 for 30 days month , what about Feb?
And also, what about national holidays?
All your comments and suggestions will be highly appreciated.
Regards,
Manidipa (HR Manager)
From India, Pune
Please take a look at our blog post on this.
Base days for monthly salary calculation
From India, Madras
8Base days for monthly salary calculation
From India, Madras
Dear Manidipa, Salary is the remuneration for one month. Number of days in month may vary from 28 days to 31. Abbas.P.S
From India, Bangalore
From India, Bangalore
This topic has been discussed many times. So please use the research option at the top of the page to read precious threads
From India, Mumbai
From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
World Health days.doc
Circular Dated 28-10-2016 for settlement of PF Death Case Claims within 7 days.pdf