Working Days Salary Calculationfor
This query is : Resolved
18 February 2009
How do we calculate no of working days for a company outside the perview of Factories Act, if the company has saturdays and sundays off and also 8 hours working from Mon to Fri.
18 February 2009
For salary calculations, please use the below formula:
Salary for the month = Total Salary - salary for days employee was absent from office(Total Salary/30*No. of days employee absent)
Salary for the month = Total Salary - salary for days employee was absent from office(Total Salary/30*No. of days employee absent)
18 February 2009
However in The payment of Gratuity Act,1972 one month is equivalent to 26 days.
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