Lets assume that the total number for days for which salary is to be prepared is 30 days.
An employee has been on LWP for 12 days.
His salary will be prepared for only 28 days.
LWP will be calculated on the same basis as is for days for which the employee will be paid salary for the month. Yes, it is the Gross Wages/Salary on which LWP will be calculated.
Vasant Nair
From India, Mumbai
90An employee has been on LWP for 12 days.
His salary will be prepared for only 28 days.
LWP will be calculated on the same basis as is for days for which the employee will be paid salary for the month. Yes, it is the Gross Wages/Salary on which LWP will be calculated.
Vasant Nair
From India, Mumbai
Dear Seniors,
I would like to know about the calculation of LWP. As i had a discussion it with a labour consultant and came to know that it should be deducted only on the basic salary but right now i am calculating it on the gross salary.
Kindly clarify the issue.
Regards
Gautam
From India, Bhopal
I would like to know about the calculation of LWP. As i had a discussion it with a labour consultant and came to know that it should be deducted only on the basic salary but right now i am calculating it on the gross salary.
Kindly clarify the issue.
Regards
Gautam
From India, Bhopal
Dear Associates,
Please reply the following urgent queries:
1. If once's leave without pay from June 20, 2012 continues till the 02 July 2012, will the salary deduction of the day of July 01 that is Sunday be made or not. Please confirm, during the said leave without pay period, will the salary deductions be for 11 days (excluding 2 Sundays) or 13 days (including 02 Sundays)? Please give reference of the rule, if any.
2. What are the common rules for salary deductions of leave without pay across industry in India especially in Transport or Logistics industry in Mumbai/Maharashtra?
2. Does the salary deduction of leave without pay will inclusive of the sundays, holidays which are suffix, prefix and falls between leave without pay period? I mean, will the deduction be based only on the working days absence or including sundays or other holiday?
3. While doing such deductions, is per day salary is calculated as per 31 or 30 days?
Waiting for your valuable responses...
Thanks.
From India, Mumbai
Please reply the following urgent queries:
1. If once's leave without pay from June 20, 2012 continues till the 02 July 2012, will the salary deduction of the day of July 01 that is Sunday be made or not. Please confirm, during the said leave without pay period, will the salary deductions be for 11 days (excluding 2 Sundays) or 13 days (including 02 Sundays)? Please give reference of the rule, if any.
2. What are the common rules for salary deductions of leave without pay across industry in India especially in Transport or Logistics industry in Mumbai/Maharashtra?
2. Does the salary deduction of leave without pay will inclusive of the sundays, holidays which are suffix, prefix and falls between leave without pay period? I mean, will the deduction be based only on the working days absence or including sundays or other holiday?
3. While doing such deductions, is per day salary is calculated as per 31 or 30 days?
Waiting for your valuable responses...
Thanks.
From India, Mumbai
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x