Does salary gets credited on Saturday?
NACH, a bulk payment system operated by the National Payments Corporation of India (NPCI) facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension. …
Does salary get credited on Sunday?
The Reserve Bank of India (RBI) has announced the National Automated Clearing House (NACH) system will be available on all days, including Sundays and bank holidays, from August 1. … Salaries are also not credited on these holidays.
How do I ask my salary to be credited?
Dear Sir/Madam, This is to bring your kind notice that my salary was not credited for the month of ______, 2019, but remaining all the employees salaries have been credited. So please let me know the reason for the delay in crediting my salary and please credit my salary as early as possible.
Which account will be credited after the payment of wages?
As noted earlier, expenses are almost always debited, so we debit Wages Expense, increasing its account balance. Since your company did not yet pay its employees, the Cash account is not credited, instead, the credit is recorded in the liability account Wages Payable.
Will Nach work on Sunday?
NACH Credit does not work on all days. NACH Credit remains close on Sundays and RTGS holidays declared by Reserve Bank of India from time to time.
Will salary be credited on 31st March?
As per article 9 in MUI-CBA Agreement, we are entitled to get salary at the end of every month. So the March salary is due on 31st March and is Taxable in March even if it is not received in March.
Is salary credited?
Your salary will be credited into your bank account. Salary is credited on the 15th of every month for the entire month. Re: Change of account to which my salary is credited. Employee ID: 123456.
Can an employer refuse to pay salary?
A: It is illegal in terms of Section 34 of the Basic Conditions of Employment Act for an employer to make a deduction from an employee’s salary without consent or without following a fair procedure. A salary is a contractual right. Reducing it without consent is indeed a breach of contract.
How do you politely ask for pending salary?
Dear Sir, or Madam, I want to bring it to your notice in writing that I have not received my salary for the last two months of (months & year). Despite various reminders, I am finally writing, and I hope you will immediately issue my pending salary ($12000). I would be grateful if you could oblige me in this matter.