Dear All,
As per EPFO how much Overtime is authorized.per day / monthly. Is there any parameter to consider while verifying Salary Sheet.
Secondly if employer pays double for the overtime hours it is exempted from EPF contribution.
For Building Construction Company any thing special regarding overtime components.
MK Verma
From India, Ahmadabad
9As per EPFO how much Overtime is authorized.per day / monthly. Is there any parameter to consider while verifying Salary Sheet.
Secondly if employer pays double for the overtime hours it is exempted from EPF contribution.
For Building Construction Company any thing special regarding overtime components.
MK Verma
From India, Ahmadabad
As far as my knowledge is concerned; it should not exceed 50 OT hours in a month
From India, Visakhapatnam
From India, Visakhapatnam
Dear Verma ji, EPFO has no concern with overtime. PF is not deducted on overtime. Exemption i.e. exclusion from PF is on rate of Basic plus DA component for eight hours working.
From India, Mumbai
From India, Mumbai
Dear Mr. Verma
For purpose of EPF contribution the “Pay” includes basic wages with [dearness allowance, retaining
allowance (if any)], and cash value of food concessions admissible thereon.
As mentioned by Korgaonkarji there is no question of having any concern for OT for this purpose.
Regards
Shailesh Parikh
Vadodara, Gujarat
99 98 97 10 65
From India, Mumbai
For purpose of EPF contribution the “Pay” includes basic wages with [dearness allowance, retaining
allowance (if any)], and cash value of food concessions admissible thereon.
As mentioned by Korgaonkarji there is no question of having any concern for OT for this purpose.
Regards
Shailesh Parikh
Vadodara, Gujarat
99 98 97 10 65
From India, Mumbai
Dear Mr. Verma,
first thing , Over time is not concerned to EPF , there is no deduction/contribution for over time payment.
second thing , overtime is concerned to Factory act.1948 ,not EPF act 1952.
it should not be above 50 hours in three month.
this is for your information,
Rgds,
Kapil Rathore
MBA- HR , Labour/Factory low
Mb. 09039381496
From India, Bhopal
first thing , Over time is not concerned to EPF , there is no deduction/contribution for over time payment.
second thing , overtime is concerned to Factory act.1948 ,not EPF act 1952.
it should not be above 50 hours in three month.
this is for your information,
Rgds,
Kapil Rathore
MBA- HR , Labour/Factory low
Mb. 09039381496
From India, Bhopal
Korgaonkar K A is right that EPF is only concern with basic+da+food conc.(if any) rather that any of the allowances. thanks & Regards, From, Sumit Kumar Saxena
From India, Ghaziabad
From India, Ghaziabad
dear Sh Vermaji,
There is no stipulations of overtime working in the EPF Act. The PF contribution is not payable on the overtime earnings. You will find overtime stipulations in Minimum wages Act, Factories Act, Shop & Establishment Act etc. but nothing is said about overtime in the EPF Act. As regards your query with regards to the provisions of overtime components for Building Construction Company in concerned, there is no limitation of overtime working under BOCW Act, however it provides that when a building worker works more than nine hours on any day or more than forty eight hours in any week, he shall be entitled to get wages at double the ordinary rate of wages for the extra hours worked.
BS Kalsi
Member since Aug 2011
From India, Mumbai
There is no stipulations of overtime working in the EPF Act. The PF contribution is not payable on the overtime earnings. You will find overtime stipulations in Minimum wages Act, Factories Act, Shop & Establishment Act etc. but nothing is said about overtime in the EPF Act. As regards your query with regards to the provisions of overtime components for Building Construction Company in concerned, there is no limitation of overtime working under BOCW Act, however it provides that when a building worker works more than nine hours on any day or more than forty eight hours in any week, he shall be entitled to get wages at double the ordinary rate of wages for the extra hours worked.
BS Kalsi
Member since Aug 2011
From India, Mumbai
Dear Verma As per Factories Act, OT maximum limit is 50 hours per quarter and it doesn\'t attract PF contribution from the employer. Thanks & Regards, A Ravichandran
From India, Chennai
From India, Chennai
But if Overtime is not being paid double rate in that case epf contribution is required? those are epf member. Secondly daily 5 to 6 hours overtime is authorized. MK Verma
From India, Ahmadabad
From India, Ahmadabad
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EPS - Wage Limit increase_01.09. 2014.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx