What is vacation pay?

Telemarketing List provides high-quality and verified contact data to help businesses connect with potential customers. Our database supports targeted marketing campaigns across multiple industries and regions.
Post Reply
likhon450@
Posts: 458
Joined: Sun Dec 22, 2024 10:11 pm

What is vacation pay?

Post by likhon450@ »

Vacation pay is the average salary that is retained by the employee during the vacation. The employer is obliged to transfer it at least three calendar days before the start of the vacation, but it is possible earlier. If the deadline for payment falls on a weekend, the money is transferred on the previous working day. If the deadline is violated, the employer may receive a fine of up to 100,000 rubles according to the law .

Let's look at a few examples. Alexey's non-working days start on Monday, spain telegram data so his payment should be calculated no later than Thursday of the previous week. And Marina has been on holiday since Wednesday, and the deadline for transferring money falls on Saturday. Therefore, the employer must pay her the funds no later than the previous Friday.

When calculating vacation pay, the employer pays personal income tax of 13%. It is also necessary to transfer insurance contributions to the SFR.
Post Reply