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    Wage payment delay compensation

    It calculates the amount of monetary compensation, which the employer must pay the employee for the delay of wages or other payments, according to the Russian Federation Labour Code.

    PLANETCALC, Liability of the employer for the wage payment delay in Russia

    Liability of the employer for the wage payment delay in Russia

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    According to the Labour Code, the employer is obliged to pay compensation in the amount of not less than one three hundredth of the current refinancing rate of the Central Bank of the Russian Federation on the unpaid on time wages for each day of delay from the day after the due date of payment until the day of actual payment.

    Capitalize interest in case of delay of more than 1 year

    Daily compensation share from the refinancing rate up to Oct 2nd 2016

    Digits after the decimal point: 2

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