Please let me know the statutory requirements for calculating Overtime. Whether we have to consider only Basic+DA OR Basic+DA+All Fixed allowances?
From Singapore, Singapore
5From Singapore, Singapore
Dear Ramesh
For overtime calculation as per factories act, we have to take only
basic salary and DA and not any other allowances.
Overtime to pay double the salary only when the particular employee
work for more than 48 hours in a week or more than 9 hours in a day.
Cheers
Trisha
HR Professional
From India, New Delhi
For overtime calculation as per factories act, we have to take only
basic salary and DA and not any other allowances.
Overtime to pay double the salary only when the particular employee
work for more than 48 hours in a week or more than 9 hours in a day.
Cheers
Trisha
HR Professional
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Statutory Compliance of a Industrial or Commercial Unit.xls
Statutory-compl iance.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx