Salary Calculation

 Salary Calculation


Earned Salary = Actual Gross / No. of Total Days in a Month * Actual Working Days

Since October has 31 days, the per-day pay is calculated as Rs 30,000/31 = Rs 967.74. This is a variant of the Calendar day basis. In this method, the pay per day is calculated as the total salary for the month divided by the total number of calendar days minus Sundays.

As per Indian labour law, what is the legal way of calculating per day salary of employees: Gross salary: 100000 per month No of days in a month :31 eg for august month Date of joining:13 aug 12 Question/Confusion: No of working days - - (100000/31)*(31-13+1) or No of Working days - - (100000/30)*(30-13+1) read more at: https://www.citehr.com/432929-how-calculate-one-day-salary-31days-month.html

It's Gross Salary / No. Of days in that Month * Total Paid Days. If Gross salary is 25000/- then Per day salary for August is Rs.806. If Employee is joining on 13th Augu then Gross salary will be 19*806=Rs.15314/- 

We have to divide the monthly gross salary by 30 days (30 days as we are also paying for the weekly offs in the month deducting one day as month means calculated for 30 days). In case of daily wages, the weekly offs are not counted and paid only for 26 days. So we calculate as follows: Salary per month (Gross)/ 30 days in a month x No. of days present Example: 5000/30 * 25 = 4166 Monthly salary = 5000 * 25/36 = 4166 (same as above)

Please note that the standard working days to be considered is 30 days irrespective of whether the number of days in a month is 28/29/30/31 days. For salary calculation you need to consider as 30 days only. Therefore, the standard formula stands this way for calculating salary: Gross salary/30 days * No. of working days 

The salary is calculated as below, Actual Salary = Gross Salary / No. of Days in the month * No of days worked Gross salary = 100000 So for 28 days, Actual Salary = 100000 / 28 * 28 = 100000, His 1 day salary is 3571/- For 30 days, Actual Salary = 100000/ 30 * 30 = 100000, His 1 day salary is 3333/- For 31 days, Actual Salary = 100000 / 31 * 31 = 100000, His 1 day salary is 3225/- So as per your query the employee has joined on 13-Aug-2012, so he has worked for 19 days in the month. So the gross salary = 100000/31 * 19 = 61290. His 1 day salary is 3225.80/- 

For Example: Gross salary: 10000 Per day Salary = 10000/26 = 384.61 even if he has given full attendance i.e 27 days of working in august month, his salary will be 10000 +384.61. because we have to pay for August 15th. Bt in other cases if he worked for 27 days his salary will be 10000 only. In feb he is supposed to work for 24 days oly, bt he shld be paid with the whole salary 10000. no queries in that.

Per day salary will always vary from month to month. Say for example, if your salary per month is 30,000/- then for the month of Feb =30000/28, means per day Salary in Feb = 1071 for the month of Mar = 30000/30 means per day Salary in Mar = 1000 for the month of Apr =30000/31, means per day Salary in Apr = 968 

The following will be the formula used for calculating the salary, For monthly salaried people for the days 28, 29, 30 and 31 days. Actual Salary = Gross Salary / No. of Days in the month * No of days worked + week offs. For salaries based on daily wages Actual Salary = Gross Salary / 26 * No of days worked. @ suresh, it is a paid holiday. Here every one is calculating for full attendance, if you have any LOP or absent only you will know the problem. It is not easy to solve the problem when a worker ask for the same because every rupee matters for him. Let us consider an example. If a person gross salary is Rs.10000/ -, He has got 1 LOP in august his salary has to be calculated as follows. Gross Salary = 10000 / 31 * 30 = 9677.40/- Not as below for august(As per bhargavi / sharmila). Salary = 10000/30 * 29 = 9666.66/- Understand every rupee counts for the employee. 




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