Salary Settings Overview

Salary Settings Overview

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?

  1. Tap Settings (top right corner)

  2. Select Salary Settings

  3. 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

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