Overtime Calculation Doc Download - CiteHR
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HI,
you can calculate overtime like this total salary / 30 / 8 / no of ot hrs X 2.
Basically as per rule we hv to pay ot at double rate and divided by 26. but normally most of the factories pay at single rate. So u can also pay by single rate and divided by 30.
Regards
Harjeet Singh
9910427029

Dear Friends,Please see the attachment for over time.

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File Type: doc THE TIME MANAGEMENT IN FACTORIES ACT.doc (32.0 KB, 1068 views)

Dear Mr. PBS Kumar PF is totaly based on Basic + DA that to consider as per the minimum wages Act accoding to the state rules, how can OT be considered for PF? Ramnath
:?: going through all these discusion and postings there is not of confusion on consideration of no of days. (30 or 26) As i feel it is statutory rule which priscribe 26 working days only.
Plz clearify me if i m wrong with priscribed rule or Act.
Ramnath

Dear
I have also gone through all posts on calculation of overtime but most of my friends
has given reply as what they are doing in their establisments.We are here to give reply legally , not on what we are following in our establishment.Even one of our friend has given different calculation for company employees ,as well as contractor employees, as law for calculation of OT is different for both.
dear total salary is to be divded by 26 in both cases as mr ramnath said because one day wages we get by dividing from 26 not by dividing from 30/31.
OT WILL not attract contribution towards PF.
TKS
J S MALIK

Hi All, I would like to know who are eligible for OT? Are all employees eligible or only operational staff? Our organisation is governed by the Bombay Shops and Establishments Act. Regards,
Dear Sir, Please go through the definition of the employee under the Bombay Shop Act. Regards, R.N.Khola Skylark associates,Gurgaon
Thank you Mr Malik,
Bcoz going through all this discussion i also got confused... but plz share your views reg the ordinary wage as per the govt act? as i felt it is gross montly wages...which include (Basic+Da+HRA+conv+travl Allow+Med Rem+others if any)
Regards,
Ramnath

Different ideas and different formulaes - can anyone give an exact calculation as per the Minimum Wage Act 1948 or as per the Over Time Act as in the Shops and Establishment Act. I would be very happy!!!
Dear Yelhsa,
Mr. Malik had briefed according to the law & even we follow the same..but some orgns follows diff policy. but ultimately we have to follow as per the law.
Plz go through the postings & discussion...
regards,
Ramnath


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