Calculation of the number of days for a given pay period has a significant impact when deducting salary for Loss of pay due to leave or other reason. LOP Calculation Formula Ex: Loss of pay when days = 30 → INR 30,000/30 = INR 1,000 Loss of Pay when days are calculated excluding ...
Remuneration will include:salary, fee, bonus, wage, gratuity, pension, leave encashment, emolument, voluntary award, commission, annuity, stipend, overtime, superannuation allowance, retirement allowance, lump sum benefit payment, director's remuneration, etc. How do you calculate remuneration to partne...
Get the Income Tax Calculator to Calculation of Tax Liability on SalaryGet Details Before calculating your tax liability, you must know which tax slab you fall under. Your salary is a cumulative form of many components such as Gross salary, Provident Fund, Leave pay, Insurance, Employee State ...
Theleave encashment policiesvary from one organization to the other. Some account for the unused leaves in the next calendar year and compensate accordingly. At the same time, others let them carry forward the unused leaves to the next year. They compensate the employee at the time of resignati...