1
Hi
You can break the monthly salary into hourly and you can deduct it.
the formula goes like this: gross salary/26/8= one hour wages (26 is given in the minmum wages to derive a per day wage)
if salary is 10000 then 10000/26/8=48.07 is hourly wage.
You can break the monthly salary into hourly and you can deduct it.
the formula goes like this: gross salary/26/8= one hour wages (26 is given in the minmum wages to derive a per day wage)
if salary is 10000 then 10000/26/8=48.07 is hourly wage.
Dear Thanks alot for u reply. 26 are days in 1 month in which Sunday in not included (why 26 in mentioned there) ? (I got that 8 is per day 8hours work) and gross salary is total salary? Thanx
From India, Rohtak
From India, Rohtak
Hi
If you refer the minimum wages gazzatte, a clause is given as " to arrive at a daily wage, the monthly wages shall be divided by 26".
Calculating per day wage is like . Gross/fixed salary/26 = one/per day wage
Calculating per hour wage is like . one/per day wage/ 8 (8 is the no of working hours in a day)
Gross salary is fixed or total salary.
Hope this will gives you a better understanding!!!!
If you refer the minimum wages gazzatte, a clause is given as " to arrive at a daily wage, the monthly wages shall be divided by 26".
Calculating per day wage is like . Gross/fixed salary/26 = one/per day wage
Calculating per hour wage is like . one/per day wage/ 8 (8 is the no of working hours in a day)
Gross salary is fixed or total salary.
Hope this will gives you a better understanding!!!!
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.
Salary-Note.doc
SALARY SHEET CALCULATION.xls