Dear All,
Can anyone tell me about the calculation for Over time if you are covered in ESIC-PF Act.
I heard that you have to deduct ESIC on overtime amount. What will be the rate of overtime if an employee getting Rs4000/month salary and he /she worked for 25 hrs as Overtime in a month.
Is this like that ovetime should be 1.5 or 2 times of normal working hrs?
Awaiting your prompt reply.
Thanks and Regards
Vikas Kumar
9968008206
Can anyone tell me about the calculation for Over time if you are covered in ESIC-PF Act.
I heard that you have to deduct ESIC on overtime amount. What will be the rate of overtime if an employee getting Rs4000/month salary and he /she worked for 25 hrs as Overtime in a month.
Is this like that ovetime should be 1.5 or 2 times of normal working hrs?
Awaiting your prompt reply.
Thanks and Regards
Vikas Kumar
9968008206