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Overtime calculation for workers





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  #11  
24-08-2009, 04:34 PM
Join Date: Aug 2009
hi

OT to be paid double the salary.

for OT salary = Basic + DA only not any other allowences that are paid to the employee.

calculation : Basic + DA /26 days = per day wage
Per day wage /8 Hrs = Per Hr Wage
Per Hr wage X No of OT Hrs X 2 times = OT wage.
OT not to be given as you like, after all you are dealing with human being, rest is must after every 8 Hrs of work. More over the energy levels in employee depreciates for every Hr. what can you expect from the employee to work after completion of 8 Hrs of work. He or she can not give you complete work as he give in the first few Hrs of duty.

In a week not more than 48 Hrs of OT can be given as per the act.
If the OT is a regular and must, you better go for a new recrutement and get full pledged work as you desire at a single day salary / wage, and you can save money by not paying double the salary by way of OT payments.

Mohan Rao
Manager HR
  #12  
29-10-2009, 09:31 AM
Join Date: Dec 2008
Free Overtime Calculation Software
Hi,

Download a free overtime calculator from the website below:

Payroll Software, Attendance Software, HRM Software, Indian Payroll Software

Warm Regards,
Biju
  #13  
14-11-2009, 01:18 PM
Join Date: Aug 2009
hi,

OT calculation is very simple

1.Gross Salary * OT hrs /104 (for double rate)
2.Gross Salary*OT hrs /208 (for single rate)

Rajesh Tripathi
LDK Pantnagar

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