Dear All
Pls refer Factory act 1948 ( Sec.59) wherein it is mentioned that all allownaces are to considered for calcualtion of Overtime.And it should be paid at double rate.However in shops & Establishment act the defination of Overtime is not given.
Anand
From India, Mumbai
5Pls refer Factory act 1948 ( Sec.59) wherein it is mentioned that all allownaces are to considered for calcualtion of Overtime.And it should be paid at double rate.However in shops & Establishment act the defination of Overtime is not given.
Anand
From India, Mumbai
Hii,
You can calculate OT like this.
Case1:
If you work for 5 days in a week and 8 hours for one day.
suppose Basic is INR 6000.
Logic is 21 working days for month and if you work for 8 hrs for one day.
Then (Basic)/21*8=Basic/168. which is for one hour like this you can calculate .
6000/168=35.71 Rupees for one hour.
Case2:
if you work for 6 days in a week and 8 hours for one day.
6000/26*8=6000/208=28.84 Rupees for one hour.
thanks and regards,
Anil
From India, Hyderabad
You can calculate OT like this.
Case1:
If you work for 5 days in a week and 8 hours for one day.
suppose Basic is INR 6000.
Logic is 21 working days for month and if you work for 8 hrs for one day.
Then (Basic)/21*8=Basic/168. which is for one hour like this you can calculate .
6000/168=35.71 Rupees for one hour.
Case2:
if you work for 6 days in a week and 8 hours for one day.
6000/26*8=6000/208=28.84 Rupees for one hour.
thanks and regards,
Anil
From India, Hyderabad
Overtime is payable only on Basic + DA & VDA. If DA & VDA are not part of salary forget about them. All other allowances are not applicable.
The calculation is very simple = basic / 208 (one hour wage) x 2 (payable double hour) x actual OT hours i.e 49 hours. Hope you can remember this 208, it is a shortcut, instead of doing basic / 26 days / 8 hours.
Regards===S Rao / 09849562900 / Hyderabad
From India, Hyderabad
The calculation is very simple = basic / 208 (one hour wage) x 2 (payable double hour) x actual OT hours i.e 49 hours. Hope you can remember this 208, it is a shortcut, instead of doing basic / 26 days / 8 hours.
Regards===S Rao / 09849562900 / Hyderabad
From India, Hyderabad
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