Dear All:
Can anyone give me details that after what exact working hours is the overtime applicable and also from what level does the overtime payments starts and is applicable to what grade or level.
Please help.
BK
From Pakistan, Karachi
Can anyone give me details that after what exact working hours is the overtime applicable and also from what level does the overtime payments starts and is applicable to what grade or level.
Please help.
BK
From Pakistan, Karachi
Dear Bilal,
Over time in a week should not be more than 12 hours, should not more than 50 hours in quarter, should not be more than 4 hours in day as per factory act 1948. Also, it is paid at double rate and ESI to be deducted on the ot amount. As for as grade or level concern most of the industry pay overtime in worken cadre drawing upto Rs.15,000/- per month gross salary. For others, you can design incentive plans drawing more than 15,000/-
If requirement of ot is more than it is better to design incentive plan for all.
Regards,
Baba Naresh
From India, Delhi
7Over time in a week should not be more than 12 hours, should not more than 50 hours in quarter, should not be more than 4 hours in day as per factory act 1948. Also, it is paid at double rate and ESI to be deducted on the ot amount. As for as grade or level concern most of the industry pay overtime in worken cadre drawing upto Rs.15,000/- per month gross salary. For others, you can design incentive plans drawing more than 15,000/-
If requirement of ot is more than it is better to design incentive plan for all.
Regards,
Baba Naresh
From India, Delhi
Over time should be paid as per the Factory Acts 1948. All statutory deduction to be deducted,
As special provision, you make take special permission for more that 50 hrs up to 75 hrs in quarter from appropriate govt authority.
From India, Indore
As special provision, you make take special permission for more that 50 hrs up to 75 hrs in quarter from appropriate govt authority.
From India, Indore
Very interesting. Not being aware of this, there are many companies that are making staff do overtime and paying almost half the staff salary as overtime!!!! Thanks babanaresh and nagarpankaj07, for the information. I would like to add a sincere thanks to all those other contributors to this site, as most of us use the information but very often forget to acknowledge the same. Thanks all!!!
From India, Hyderabad
From India, Hyderabad
Dear All, Is there any law in labor laws that over time should calculate on Basic+hr of employee only
From India, Hyderabad
From India, Hyderabad
Hi Babanaresh,
what do you mean by 'OT to be paid at double rate.?
In our concern, the additional hours spent are paid at hourly basis with gross salary per hour. If monthly gross salary is G, then the calculation goes as below
G x 12 / 365 / 8
(8 is working hours per day)
Is this calculation right...?
From India, Madras
what do you mean by 'OT to be paid at double rate.?
In our concern, the additional hours spent are paid at hourly basis with gross salary per hour. If monthly gross salary is G, then the calculation goes as below
G x 12 / 365 / 8
(8 is working hours per day)
Is this calculation right...?
From India, Madras
Hi Shabana, How ru overtime calculation is G x 2 / 26 / 8 x overtime hrs. then ESI deduction on overtime amount is compulsary. thanks, i hopr ur query will resolver. Chander HR-Exec.
From India, New Delhi
From India, New Delhi
hi all,
the corrected formula is:
Monthly Gross/26/8 * OT hrs * 2 for OT calculations. as per factory Act
OT is mandatary for employees drawing upto Rs. 10,000/- as per miniumum wages act
Thanks
Manish Gupta
From India, Mumbai
the corrected formula is:
Monthly Gross/26/8 * OT hrs * 2 for OT calculations. as per factory Act
OT is mandatary for employees drawing upto Rs. 10,000/- as per miniumum wages act
Thanks
Manish Gupta
From India, Mumbai
Dear Manish,
I do not think there is any provision or rule under the Minimum Wages Act, 1948 which says that OT is mandatary for employees drawing upto Rs. 10,000/-. No wage ceiling is there in this Act.
With Regards,
R.N.Khola
From India, Delhi
I do not think there is any provision or rule under the Minimum Wages Act, 1948 which says that OT is mandatary for employees drawing upto Rs. 10,000/-. No wage ceiling is there in this Act.
With Regards,
R.N.Khola
From India, Delhi
Dear shabana,
Suppose an employee has done over time for 10 hrs in the month of july and his salary is 15,000/-per month,
then ot amount and esi would be as follows :
Ot amount 15000/31/8*10*2=1209.67,means Rs.1210/-(to be divided by no.of days of that month)
Esi deduction on ot amont 1210*1.75%=21.17(means Rs.22/- to be deducted from employee)
Employer share of Esi 1210*4.75%=57.47(means Rs.58/ to be paid by emplyer)
Total amout payable to an employee would be = 1130 (1210-80)
Total ESI amount for deposit under challan would be = Rs.80/-
Hope, above clarifies your quaries.
Regards,
Baba Naresh
From India, Delhi
Suppose an employee has done over time for 10 hrs in the month of july and his salary is 15,000/-per month,
then ot amount and esi would be as follows :
Ot amount 15000/31/8*10*2=1209.67,means Rs.1210/-(to be divided by no.of days of that month)
Esi deduction on ot amont 1210*1.75%=21.17(means Rs.22/- to be deducted from employee)
Employer share of Esi 1210*4.75%=57.47(means Rs.58/ to be paid by emplyer)
Total amout payable to an employee would be = 1130 (1210-80)
Total ESI amount for deposit under challan would be = Rs.80/-
Hope, above clarifies your quaries.
Regards,
Baba Naresh
From India, Delhi
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