How to Set/Change Calendar Type in SalaryBox?
How to Set/Change Calendar Type?
How to Calculate Monthly Salary in SalaryBox?
How to Set/Change Calendar Type?
If you want to know how to calculate CTC based on calendar type in the SalaryBox app, you can go through the steps below for your preferred device. However,there are two options available for calculating the monthly salary in the SalaryBox application.
If you calculate salary using Calendar Month, you don’t need to change the calendar type.
Here are the following steps to change your calendar type.
Android
Follow the given steps to change thecalendar type in SalaryBox.
1. Open the SalaryBox App and go to Settings.
2. Select Salary Settings.
3. Select the preferred Calendar Type(Period Type) from the options given, i.e., CalendarMonth & 30-Day Month. Learn about Calendar Month& 30-Day Month in detail below.
4.Enter theStart Dayin the field below and theEnd Day will be automatically filled. Click onSave to apply the changes. 
iPhone
1. Open the SalaryBox app on your iPhone and go to Settings.
2. Scroll down to the Salary Settings.
3. Now, tap on the preferred calendar type from the options given, i.e., Calendar Month and 30-day month. Know more about calendar types in detail below.
4. Click on Confirm to save the changes.
Desktop
Follow the instructions to change the calendar type in the desktop app.
1. Open the SalaryBox desktop app and go to Settings.
2. Scroll down to Salary Settings.
3. Select the preferable calendar type from the checkbox.
How to Calculate Salary Per Monthin SalaryBox?
The employer can choose two different calendar months for calculating CTC.
Option 1: Default Calendar Month
Employees receive their pay based on present days and applied leaves in this option.
Calculating the salary for January
A- Total Salary = 30,000
B- Working days (including week-off) = 31
C- Paid leavesapplied = 1
D- Absent = 2
E- Number of days present (Including Week-off) = 28
Gross total salary = (A/B)*E
Gross total salary = (30,000/31)*29= 28,064
Option 2: 30-Day Month
Employees receive their pay based on absent days and applied leaves in this option.
Calculating the salary for January
A- Total salary = 30,000
B- Working days (Including Week-off) = 31
C- Paid leaves applied = 1
D- Absent = 2
E- Number of days present (Including Week-off) = 28
Gross total salary = A-((A/30)*D)
Gross total salary = 30,000-((30,000/30)*2) = 28,000
Note:
Payable days<= 10, then salary is calculated based on the number of payable days.
Payable days> 10, then the salary will be calculated on (30-absent) days.
Monthly Payable Days = (present + week off + 2*double present + 0.5*Half days + Holidays + paid leaves).
If you need more information or any assistance regarding the SalaryBox app, you can contact our support team at support@salarybox.in
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