PAYROLL CALCULATION
This query is : Resolved
31 October 2007
Sir,
01. One of the advocate suggested our HR Manager to calculate the salary on the number of days as per the month(Feb - 28, then 30, and 31) But as per my knowledge, as per rule, we have to take 26days for calculation.
02. HRA - If i work for 10 days, then what will be the HRA if I am eligible for HRA Rs.6000/- a month?
Pleas advice me in the above regarding.
Regards
Hari
01. One of the advocate suggested our HR Manager to calculate the salary on the number of days as per the month(Feb - 28, then 30, and 31) But as per my knowledge, as per rule, we have to take 26days for calculation.
02. HRA - If i work for 10 days, then what will be the HRA if I am eligible for HRA Rs.6000/- a month?
Pleas advice me in the above regarding.
Regards
Hari
31 October 2007
Salary is always calculated on the basis of 26 days. Only for Gratuity under any other cases (unregistered)it is taken as 30 days.
01 November 2007
For gratuity also, the salary calculation is for 26 days only and not thirty days.
01 November 2007
It will not change STATE wise ? As the Consultant says that, its the way to calculate in Karnataka.
01 November 2007
No change as Income Tax Act is applicable all over India.
01 November 2007
Gratutitu for Gratuity Act is 26 days and not all. Others (unregistered) is 30 days.
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