How is compensation for delayed wages calculated?
Posted: Thu Jan 23, 2025 4:52 am
It happens that the employer misses payment deadlines for various reasons: no receipts from clients, cash gaps, failures in the work of banks. According to Article 236 of the Labor Code of the Russian Federation, regardless of the reasons, the employer is obliged to pay the employee all overdue amounts with interest.
The following information is required for the calculation:
Amount of debt. The calculation takes into oman telegram data account the amount of salary to be paid, i.e. taxes and other deductions must be deducted from it. For example, an employee earns 30,000 ₽ per month. After deducting 13% personal income tax, he should receive 26,100 ₽.
Delay period. Starts from the day following the payment day and lasts until the payment day. For example, instead of the due date of January 29, the salary was paid on February 5. The delay period is 7 days.
Interest rate . Compensation is 1/150 of the current key rate of the Bank of Russia for each overdue day. This rate is valid unless another is specified in the agreement - it may be higher.
The following information is required for the calculation:
Amount of debt. The calculation takes into oman telegram data account the amount of salary to be paid, i.e. taxes and other deductions must be deducted from it. For example, an employee earns 30,000 ₽ per month. After deducting 13% personal income tax, he should receive 26,100 ₽.
Delay period. Starts from the day following the payment day and lasts until the payment day. For example, instead of the due date of January 29, the salary was paid on February 5. The delay period is 7 days.
Interest rate . Compensation is 1/150 of the current key rate of the Bank of Russia for each overdue day. This rate is valid unless another is specified in the agreement - it may be higher.