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Hi Shraddha,
this was several times discused in this site.
actualy you have to take on ordinary wages, but not basic + DA as per rule & no of days for calculation is 26 & not 30.
so in excel u can put d formula as men below:
=round(((ordinary monthly wage/26/8)*no of OT hours *2),.0)
odinary monthly wage means monthly salary & if the employee recieve extra -ordinary wages like travel, spl allow, performance incentive, tel allow and other extra benefit appart from monthly wage/salary can be excluded while calculating.
and reg ordinary wage the discusion was incomplete in the previous posting. so i reguest seniour can suggest on this.

From India, Bangalore
DA is dearness Allowance depends upon the %age of basic. if Basic is 20000 and da is 50% then da is 20000*50/100 = 10000
From India, Chandigarh
Please find new version of Salary Master with new Feactures..

Totally Usefriendly program.
You can enter your Company name,Address,Department,Designations
You can set Categoeries of Fixed earning-Other Earning-Fixed deduction-Other deduction in Salary Slip.
You can set limit of ESI,P.F,Income Tax Slab for Man and Woman,Surchage setting,Professional Tax.

Program is Designed on Two mode
(1) In Auto mode salary slip will be generated as per Your predefined data given in "Company Detail Sheet"
(2) In Manual mode Salary Slip will be generated as per Manual detail given by You.It will not concern with the data given by you in "Company detail sheet"
Ex: We need to generate salary for Regular Employee as per company Policy for that You may put this employees on Auto mode and it will generate Salary slip as per your predefined data (If Basic is 25% of Gross than auto calculate it)But Some Employees are Temperaroy or We don't Follow Rules as per Regular employee so that This Type of Employee Put on Manual mode and enter your Data manually(here You have manually enter Basic and other details).

Software Contains:

1-Attendance Register.
2-Payroll Register.
3-Generate Salary Slip.
4-Track Employees' Leave history.
5-Track Income Tax of All Employee.
6-Print out Leave History of Employee.
7-Overtime Monitor.
8-Master Data sheet of All Employees.
9-Leave Calculation sheet.
10-ESI Calculation(Set Your Requirements)
11-P.F Calculation
(Here there are Two Options one is if Basic<=6500 than Basic*12% otherwise 6500*12%
Second is 12% of Basic)
12-Pension Scheme (not more than 541 rs submission)
13-TDS Calculation
14-Annual Salary statement of Employee and Employer
15-Employer Monthly Salary statement
16-Income Tax Calculations
17-Generation of Form No-6 (For ESIC)
18-Generation of Form no-3A (PF)
19-Generation of Form no-6A(PF)

Limitation: You have monitor Leave of employee each month when It goes minius Red indication is glow on that cell so You have to Put it on LWP otherwise minus leave will effect on salary sllip generation.
Requied Attention: Please be vigilant about Auto and Manual mode and P.F Selection.

If You find this is useful for You than Don't miss to deop Thanks...

Download: <link no longer exists - removed>
Please chase the steps as per the given sequence.

First open "Company Detail Sheet"
1-Open "Company Detail Sheet"
2-Change Company name and Address.
3-Change Salary discriptions: By default I gave some categories for Fixed earning/Reimberancement/Other deductions. Change the Names of This Categories as per your reqirements.
4- As you enter detail mentions in step 3 name of the categories will appear in auto generation salary just below the Salary discription.
Enter percentage as per your company requirements to generate salary of all employees(By default I gave Basic= 25% of gross .You can change 25% and enter your %)
5-Enter % of ESI from Employee and Employer and For P.F Choose your Options.
6-For Professional tax Slab enter your criteria.
7- Enter Name of Departments/Designation of Employees of your Orgenizations.
8-Enter Tax Slab for man and Woman.

second open "Master Data Sheet"

1-Enter Employee name-gender-employee code.
2-select his/her designation-department
3-Enter Pan no-Bank A/C No-Bank name-P.F no-ESI No-DOB-DOJ-Location
4-Enter Employees Gross salary/Month
5-Here after If You choose Auto mode than Salary slip will be generated autonatically as per (%wise detail) data given by you in "Company detail sheet"(nomally for Regular Employees put Auto mode).But if You don't want to follow the rules enter by You in "Company detail sheet" put manual mode here You can Enter his/her Basic-Hra and all detail of salary manually.
6- Enter Amount of OT/Hr if Employee do OT
7- Enter leave detail,Previous Year Leave-This Year Leaves.
8-Enter Rentpaid by Employee for exemption under section 10&17
9-Enter Amount for section 80c and 80D for U/S VIA deduction.

Thrid open "Attendance sheet according to perticular Month"

1- Enter Attendance/Leave/Holiday of Employee
2- enter Overtime of The Employee.

Forth open "Payroll sheet according to perticular Month"

1- All salary detail and attendance will automatically carry forward. You have to enter only reimberance detail and other deduction detail only
2- Salry will generate as per your data.
3- Enter Salary Amount Which You have Paid.
4-Select Type of Payment.

Most of remaning sheet are monitoring or summary sheet.

From India, New Delhi
Dear seniors,

Can anybody send me the details of Components for Over Time Calculation?
as per Factories Act.

Ex. Components like:

BASIC+DA + HRA + CA + SP = Total
Rs.2725/- Rs.200/- Rs.200/- Rs.400/- Rs.3525/-

How do we calculate per hour???

Pl. guide me without delay

Thanks & Regards,
Avinash Kumar.K

From India, Bangalore
hi jiguparmar this is renu i am download your master salary sheet that relay great ,but there is some problem to access your file because of sheet protection , i request to you please give me that password through by using mail
this my id ,please send me as soon as possible.
Thanks & Regards,

From India, Madras
I really appreciate the excel spreadsheet you shared but please could you explain to me how it works? Over time for me is paid at 1.5 times the normal hourly rate. O.t is anything more than 52hrs per week. What am I to input in the columns for the days of the month? the overtime hours? What about under Basic, is that the monthly salary or hourly salary? what of hour?

From Kenya, Nairobi
Shraddha......... my OT calculator see if this can help you? waiting for your reply..........................................................
From India, Anand

Attached Files
File Type: xls OT Calculator.xls (34.5 KB, 3743 views)

BASIC+DA(if any)/26/8*2 for overtime wages to workers in case of staff it should be BASIC+DA(if any)/30/8*2
SO SIMPLE to undertsnd

From India
Hello evryone,
perday sal (a) = basic/ no of days in month
incase of double OT: overtime rate per hour = a/4
incase of single OT: overtime rate per hour = a/8
now a simple thing:
ur ques was if a worker wrks frm 9am to 12am
just keep in mind that OT for 12 hrs of wrk i.e: 9am to 9pm =3
so 9am to 10pm = 4
and 9am to 11pm = 5
after 5hrs of OT you have to deduct 1/2 hr
so 9am to 12am = 5.5 OT Hrs
Kalpit Mahendra Mhatre
Larsen and Toubro Ltd.
APU-ONGC Project
HCP Division

From India, Mumbai
Dear Sir, Kindly tell me why should we deduct half an hour after 5 hours of over time.
From India, Mumbai

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