Thread Started by #Karthikn.G

I have a clarification, In casen a employee work in National Holiday with overtime work, management decided to pay premium wage (200%), normal working hours we calculate 200%, but how to calculate for the overtime hours wages.
5th September 2018 From India, Chennai
Dear G. Kathikeyan,
You have to pay on the actual amount you pay as overtime wages (200% of normal wages). You neither need to count OT hours for the calculation of esic contribution nor you have to specify them separately. You need to keep the contribution record of overtime for future reference only.
Regards,
Rahul Sindhwani
5th September 2018 From India, Varanasi
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2017 Cite.Co™