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How to calculate loss of pay based on absence hrs in case of Positive Time

Dear Experts,

We need to apply loss of pay concept based on absence hrs in a day in one of our plant location with the following calculation formula

Calculation :

Gross Salary/No of Days in the Month* Total number of hrs ( i,e 8 hrs = 1 Day OT to be considered)

We do have loss of pay calculation in place in case of absence days for unauthorized leave



Former Member
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