When anemployeedoesn’t have enough leave balance, but ifhis leave request iscompletelyauthorized by the employer, it is called leave without pay (LWOP).The employee here is on leave without salary/wages.In Loss of Pay (LOP), the absence of the employeemay ormay not havebeen approved by ...
Loss of pay is usually calculated as the one-day basic salary based on the number of days in a month, and this is then multiplied by the number of days the employee has taken leave. Accurate loss of pay calculation is essential for maintaining fair payroll management and ensuring employees ...
Is salary calculated for 30 days or 26 days? The last drawn salary is not considered in this calculation. Instead, the average salary for the last 10 months is used for calculation. When calculating the per day salary of an employee, the monthly salary is not divided by 26. Instead,it i...
Pls advise where in ITR 1 income of spouse can be disclosed as additional information whilst such income is included in the income of the main taxpayer (husband)? Reply K S Nararyanan April 26, 2023 at 1:41 pm 1) What is the exemption limit of Leave Encashment for Central Government ...
In your case 'Unpaid leave'. Based on this the Partial Period Factors will be factored accordingly (check entries /801 though /810 in your RT while running a simulation run). PPF's will be calculated according to calender days, hours. working days, working hours etc. etc. based on ...