Glossary
Paid Days
Paid days are the number of days during the payroll period when an employee is entitled to receive salary payments. The paid days will generally consist of days worked, paid leaves, weekly off days, national holidays, and any other paid absenteeism as per the policies of the company/organization.
Importance of Paid Days
- Ensures proper calculation of salary and payroll.
- It helps in calculating employees’ salaries per payroll cycle.
- Helps in reducing payroll mistakes related to attendance and absenteeism.
- Makes the payroll process clear and accurate.
Legal Compliance / Policy / Regulation
No specific statutory compliance is directly linked to Paid Days. However, the calculation of paid days should comply with the Code on Wages, 2019, applicable State Shops and Establishments Acts, and the organization’s leave and attendance policies, wherever applicable.
