i have not come accross to any such formula in any acts other than state gazets of the minimum wage where the formula for the computation for overtime wages is given.
i need to learn the practiced system vis-a-vis lawful guideline in this matter.
with regards,
asitabha sanyal
From India, Delhi
2i need to learn the practiced system vis-a-vis lawful guideline in this matter.
with regards,
asitabha sanyal
From India, Delhi
Hi
Overtime wages under most of the labour laws is defined as
OVERTIME WAGES = TWICE THE NORMAL RATE OF WAGES
In practice it is being calculated as OT. = (2*(Basic +DA)/Days in the month)* Over time days.
for further clarification you can write to me email :
Mohd. Arif Khan
Overtime wages under most of the labour laws is defined as
OVERTIME WAGES = TWICE THE NORMAL RATE OF WAGES
In practice it is being calculated as OT. = (2*(Basic +DA)/Days in the month)* Over time days.
for further clarification you can write to me email :
Mohd. Arif Khan
dear md.arif khan,
at the very outset i express my heartfelt thanks for your reply.
i have no doubt about the double rate which is mentioned in different laws.
however there is no guideline about the computation of daily wage to which i belief you will agree.
as regard to practice i hope every one is doing as you have said but this forum should approach to appropriate authority in this matter.
hope we shall be always in touch as professional in future also.
with regards,
asitabha sanyal
From India, Delhi
at the very outset i express my heartfelt thanks for your reply.
i have no doubt about the double rate which is mentioned in different laws.
however there is no guideline about the computation of daily wage to which i belief you will agree.
as regard to practice i hope every one is doing as you have said but this forum should approach to appropriate authority in this matter.
hope we shall be always in touch as professional in future also.
with regards,
asitabha sanyal
From India, Delhi
Does the same formula apply for calculating the hourly overtime also? Regards Santosh verma.
From India, Bangalore
From India, Bangalore
the formula what we are using ( total over time hour in the month) suppose 120 hour then 120/8=15 days then basic/days(30 or 31 as per the month)*15days hope this example make you clear
From India, Delhi
From India, Delhi
Dear,
if u go by law the formula for calculating overtime is
(gross salary/26/8*OT hrs)*2
double from the normal rate and as per act u can allow 51 hrs of overitime in a quarter to an employee and esi is to be deducted on this wage.
Regards
Vipin
From India, New Delhi
if u go by law the formula for calculating overtime is
(gross salary/26/8*OT hrs)*2
double from the normal rate and as per act u can allow 51 hrs of overitime in a quarter to an employee and esi is to be deducted on this wage.
Regards
Vipin
From India, New Delhi
Dear Vipin,
OT limit is 50 hours in a quarter. Your OT payment Calculation formula is as per legal requirements under Minimum Wages Act,1948.
Regards,
R.N.Khola
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
OT limit is 50 hours in a quarter. Your OT payment Calculation formula is as per legal requirements under Minimum Wages Act,1948.
Regards,
R.N.Khola
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
hello mr khola, since we are proving single overtime instead of double so i feel previously given formula by me for calculating OT is correct one. need ur guidence ..
From India, Delhi
From India, Delhi
Dear
Each & every Indian labour law concerning OT (Central & States) says that we are to make payment to the worker/employee @ double the ordinary rate of wages/ normal wages. According to me The Factories Act,1948, The Minimum Wages Act,1948 & State Shops & Commercial Establishment Acts provides us procedure for taking OT & for caculating the OT payments. Section 59 of Factories Act says that where a worker works on OT he will be entitled to wages at the rate of twice his ordinary rate of wages. According to Rule 25 of Minimum Wages (Central) Rules,1950 also states that OT is to be given at double the ordinary rate of wages. According to the Minimum Wages Act & Rules we are to divide the rate of wages by 26 for calculating 8 hours (one day) wages. For calculting one hr. wages we are to divide by 8 to one day wages. Thus if we take OT for one hour then we are to paid wages @ double this wages for one hour. State Shops & commercial Establishment Acts also provides provisions for OT payments. You may go through these enactments for having more clarification on the subject.
I hope this will help you in solving your query to some extend. This clarification is made for law abiding personnel.
Regards,
R.N.Khola
Sr.Associate
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
Each & every Indian labour law concerning OT (Central & States) says that we are to make payment to the worker/employee @ double the ordinary rate of wages/ normal wages. According to me The Factories Act,1948, The Minimum Wages Act,1948 & State Shops & Commercial Establishment Acts provides us procedure for taking OT & for caculating the OT payments. Section 59 of Factories Act says that where a worker works on OT he will be entitled to wages at the rate of twice his ordinary rate of wages. According to Rule 25 of Minimum Wages (Central) Rules,1950 also states that OT is to be given at double the ordinary rate of wages. According to the Minimum Wages Act & Rules we are to divide the rate of wages by 26 for calculating 8 hours (one day) wages. For calculting one hr. wages we are to divide by 8 to one day wages. Thus if we take OT for one hour then we are to paid wages @ double this wages for one hour. State Shops & commercial Establishment Acts also provides provisions for OT payments. You may go through these enactments for having more clarification on the subject.
I hope this will help you in solving your query to some extend. This clarification is made for law abiding personnel.
Regards,
R.N.Khola
Sr.Associate
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
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Minimum Wage of UP & UK.pdf