Calculators › Staff loan and advance calculator
A loan or advance to staff, paid back from salary: the monthly cut for a set number of months, or the months it takes at a fixed cut, and what is left.
Also searched as: advance tankhwah se katna · staff loan qist · karz wapsi salary se
Monthly cut = amount still owed ÷ months agreed, rounded up to the nearest Rs 10. Rs 50,000 over 10 months is Rs 5,000 a month. Or fix the cut and see how many months it takes.
Keep the cut small enough that the worker can manage. Many employers stay under a quarter of the salary. Write the loan, the monthly cut and what happens if the worker leaves early on one page, signed by both.
In Munshi payroll, the cut comes off each salary slip by itself and the balance is always visible, so nothing is forgotten or cut twice.
Loan ÷ months agreed. Rs 50,000 over 10 months is Rs 5,000 a month. Many employers keep the cut under a quarter of the salary so the worker can still manage.
The balance is usually taken from the final settlement. Write the loan, the monthly cut and this rule on paper, signed by both.
An advance is usually taken back from the next salary in one go; a loan is paid back over months. Track both so nothing is forgotten at month end.
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Staff mark attendance by QR card or ZKTeco fingerprint machine. Shifts, leave and overtime flow into payroll with bonuses, advances and loans, salary slips go t...
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