Query on salary cycle
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2016
Hi Experts
I have seen that most of the corporate are following salary cycle ie: 16th to 15th of following month.
Just want to know that is there any specific reasons/benefits for doing that?
Please explain for my knwoledge
Thanks
I have seen that most of the corporate are following salary cycle ie: 16th to 15th of following month.
Just want to know that is there any specific reasons/benefits for doing that?
Please explain for my knwoledge
Thanks
11 December 2016
Most the business are following 1st to month end as salary period. I can not guess any specific reason for the period mentioned by you. I t may to get more time for payment of ESI, PF, TDS etc.
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