can someone help me the calculation of overtime with example? plz immediate reply needed..
From India, Coimbatore
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From India, Coimbatore
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Hi Mani OT Salary to be caluculated Gross salary/No of days/8*OT hrs*2=OT Amount-ESI 1.75%=Earned amount Eg :- 5600/26(Days)/8(per day)*1(OT)*2(Double)=53-1(ESI)=52
From India, Bangalore
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2From India, Bangalore
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dear all OT has to be calculated as double of BASIC + DA ( monthly/ 26 days/ hours) and not on gross.
From India
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From India
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Overtime Calculation Example
The exact calculation of overtime is as follows:
The number of working hours in a week is very important for calculating overtime. For example, in a factory, the weekly working hours are 48 hours. Hence, the calculation of overtime will be:
BASIC + DA / 198
198 = 48 * 52 / 12. This factor 198 is derived as follows: In a week, 48 hours in 52 weeks is 8 * 52, and then divided by 12.
Regards, Sudipta
From India, Calcutta
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The exact calculation of overtime is as follows:
The number of working hours in a week is very important for calculating overtime. For example, in a factory, the weekly working hours are 48 hours. Hence, the calculation of overtime will be:
BASIC + DA / 198
198 = 48 * 52 / 12. This factor 198 is derived as follows: In a week, 48 hours in 52 weeks is 8 * 52, and then divided by 12.
Regards, Sudipta
From India, Calcutta
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