Overtime Wages Calculation

Dear Friends,
we are paying the salary in different heads like Basic & DA, HRA, Transport Allowance, Medical Allowance, Children Education Allowance & other allowance. My query is in the above mentioned salary heads which are all the components to be taken for overtime calculation as per factories act 1948.
Regards,
Sujith

Hi
All the components which are belongs to Daily components which must go to OT with some extra rate say 150% or 200%

Dear seniors,

Can anybody send me the details of Components for Over Time Calculation?
as per Factories Act.

Ex. Components like:

BASIC+DA + HRA + CA + SP = Total
Rs.2725/ + Rs.200/ + Rs.200/ + Rs.400/ = Rs.3525/-

How do we calculate per hour???

Pl. guide me without delay

Thanks & Regards,
Avinash Kumar.K

is their is any clause in ESI act regarding overtime and overtrime wages..??

Dear Sujit,
OT pay on Gross as in factory act the definiation of wage for overtime is Basic plus such allawances so ot cal. on gross & we pay duble rate.
Thanks
Amar Singh

HI
factories act say OIT should be twice the ordinary wage.
If the gross is 3525
Per day wage is 135.57(3525/26) and per hour wages is 16.94(3525/26/8)
So the calculation is Gross/26/8*2*no of OT hours or Gross/104*2*no of OT hours
So for 1 hour OT the calculation is 3525/26/8*2*1=33.89.
PS: pls do check whether the salary is calculated with respect to 26.The minimum wages gazzette say to arrive at the daily wage the salary should be divide by 26.

Hi
All allowance's and OT has be to covered and deducted with ESI.

For OT calculation
will consider only basic and esi