Loss of pay calculation

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1

Hi,

Can some one let me know if the loss of pay calculation is to be on the no. of working days in a month or the calendar month?

Regards,
Sarita

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2

It should be the calendar month as employees are paid for the weekly off days also.

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3

Hi Sarita

LOP to be calculated on the calender days only

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4

Calculate 1 day salary as per the number of days in the month and multiply with the number of absent days. That amount will be the amount of LOP.
Example:-

In the month of April 2022 if the employee is absent for 5 days. Then first of all deduct the CL as per your company policy. Suppose in your company, employee gets 2 CL in a month. Then 5-2=3 days will be for LOP.
If his salary is 30000 per month. Then LOP amount will be calculated as follows:-
30000/30=1000
1000*3=3000

3000 will be deducted from his salary.

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