You want to define how employee salaries are calculated, including components like basic pay, allowances, and deductions. Setting this up in SalaryBox ensures accurate and consistent payroll processing.
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How to Set Up Salary Settings? #
- Tap Settings (top right corner)
- Select Salary Settings
- You will see these three salary setting options:
- Calendar Month
- 30 Day Month
- 26 Day Month
Understanding Salary Settings in Detail
Calendar Month: Include Week-offs and Holidays #
When calculating salary based on the number of days in a month, consider the exact days in the month (e.g., January has 31 days, February has 28 days). Salary adjusts accordingly.
Example
Monthly Salary: Rs. 40,000
Month: January
No. of days: 31
No. of Present days: 27
No. of Absent days: 4
Final Salary: Rs. 34,830
Calendar Month: Exclude Week-offs and Holidays #
Salary is calculated excluding week-offs and holidays.
Example
Monthly Salary: Rs. 40,000
Month: April
No. of days: 30
Number of Present days: 22
Week offs: 4
Holidays: 2
No. of Absent days: 2
No. of Payable days: 20
Final Salary: Rs. 36,363.64
30-Day Month Salary Calculation (If Present Days Are More Than 14) #
Example
Monthly Salary: Rs. 40,000
Month: January
No. of days: 31
No. of Absent days: 4
No. of Present days: 23
Week off days: 4
No. of Payable days: 27
Salary Calculation (Formula):
Monthly Salary / 30 Day = Per day salary
Per day Salary * Payable days = Actual Salary
Calculation:
40,000 / 30 = 1,333.34
1,333.34 * 27 = 36,000
30-Day Month Salary Calculation (If Present Days Are Less Than 14) #
Example
Monthly Salary: Rs. 40,000
Month: January
No. of days: 31
No. of Absent days: 19
No. of Present days: 8
Week off days: 4
No. of Payable days: 12
Salary Calculation (Formula):
Monthly Salary / 30 Day = Per day Salary
Per day salary * Absent days = Deduction Salary
Monthly Salary – Deduction Salary = Actual salary
Calculation:
40,000 / 30 = 1,333.34
1,333.34 * 19 = 25,333.46
40,000 – 25,333.46 = 14,666.54
26-Day Month Salary Calculation (If Present Days Are More Than 14) #
Example
Monthly Salary: Rs. 40,000
Month: April
No. of days: 30
No. of Absent days: 4
Number of Present days: 23
Week off days: 4
No. of Payable days: 23
Salary Calculation (Formula):
Monthly Salary / 26 days = per day salary
Per day salary * Payable days = Actual Salary
Calculation:
40,000 / 26 = 1,538.47
1,538.47 * 23 = 35,384.81
26-Day Month Salary Calculation (If Present Days Are Less Than 14) #
Example
Monthly Salary: Rs. 40,000
Month: April
No. of days: 30
No. of Absent days: 19
Number of Present days: 8
Week off days: 4
No. of Payable days: 8
Salary Calculation (Formula):
Monthly Salary / 26 Days = Per day Salary
Per day salary * Absent days = Deduction Salary
Monthly Salary – Deduction Salary = Actual Salary
Calculation:
40,000 / 26 = 1,538.47
1,538.47 * 19 = 29,230.93
40,000 – 29,230.93 = 10,769.07
