Kindly note that Kindly note that the term here "Ordinary Rate" refers to gross salary but the labour officers allows to calculate on Basic + DA
From India, Vadodara
From India, Vadodara
Dear All
OT will be calculated on Basic + DA + any other fixed allownaces like House Rent allownace (which is paid monthly & on a regular basis).
Any fixed allowance , paid on monthly basis, please check with law of the land before OT exemption .
From India, Kolkata
160OT will be calculated on Basic + DA + any other fixed allownaces like House Rent allownace (which is paid monthly & on a regular basis).
Any fixed allowance , paid on monthly basis, please check with law of the land before OT exemption .
From India, Kolkata
In my point of view over time is paid on gross salary i.e gross salary/26/8 * working hours * 2, 26 stands for working days 8 stands for working hours whereas 2 stands for twice the rate of wages.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
As per factory act 1948, OT should be calculated on ordinary monthly wage(Basic +DA+ HRA+other allowances) by the using formula = Gross/26 days/8 daily working hour * OT Hour done*2(twice).
In Factory Act, 1948 ...Payment for overtime, Section 59.—Where a worker works in a factory for more than nine hours in any day or for more than 48 hours in any week, he shall, in respect of overtime work, be entitled to wages at the rate of twice its ordinary rate of wages.
From India, Muzaffarnagar
In Factory Act, 1948 ...Payment for overtime, Section 59.—Where a worker works in a factory for more than nine hours in any day or for more than 48 hours in any week, he shall, in respect of overtime work, be entitled to wages at the rate of twice its ordinary rate of wages.
From India, Muzaffarnagar
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