Calculation Of Overtime Hours In Excel Sheet - XLS Download

Hello,
Please help me how to calclaute the overtime hours..in excel sheet. iwant the no. of hours calculated like if work starts at 9:00 Am. and if he work till 12:00 am. hw it will be calculated.. Any specific formulas in excel sheet.pls help me out.. Reply..any..it will be needful..
Regards,
SHraddha

Hi Shraddha,
Greetings!
As per my knowledge OT usually calculated as double, let say:
3 hrs x 2 = 6 hrs.
So hopefully no such formulae required. Any seniors can guide please.....!!!
Regards,
Ram
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Hi
use this formula in excel sheet =SUM(D5-C5+IF(C5>D5,1))., change rows in time mode
Prema

Hi Shraddha!
It is very simple to calculate the OT. As per labour laws, it must be @ double the normal rate. As you asked, from 9AM to 12Noon, the number of hours are 3 for which extra work has been done by the employee. Coming to calculation of amount, If the employee's Basic plus DA is supposing 'X' , then the OT payable will be (X/120)*3 OR (X/240)*3*2. In otherwords, if his basic+DA is Rs 6000, then the OT payable per hour is =(6000/120)*3=150. Pls note that out of all components of salary, only the Basic+Fixed DA+Variable DA if any only have to be considered for calculating the Over time. In lieu of Overtime which has to be double the wage rate, it is a practice in some of the organisations to pay at single rate as far as monetary benefit and plus on compensatory off also.
with Regards.
Kashinatham Chitturi.

Hi Shraddha,
I am attaching one file which may be meet to your requirement, just put o.t. & change in Basic Salary, it will calculate Over time wages.
Thanks & Regards
Manoj Yadav

Can Any body , Explain the formula of Over Time Properly and complete with some Example.
Regards
Smrins

Dear Yadav,
I think your OT calculation formula is worng.Because The OT calculation could be on gross salary and we should pay double amount of daily wage.

Hi,
The Ot Formula is =ROUND((BASIC+DA)/30/8*2)
The Over Time is normaly double on basic and DA, it should be devided by total days of month and working hours i.e. 8 hrs and then multiply into 2.
Regards,
Meera

Dear Shradhha,
OT is calculated as :
(Basic + Sp. All OR D. A.) / No. of days in a month / 8 hrs * OT hrs * 2
Regards
Reshma

Dear,
The DA is "DEARNESS ALLOWANCE" paid periodically to the employees to enabling the neutrilize the cost of living. It is substituted by IDA (iNDUSTRIAL DEARNESS ALLOWANCE or COLA (COST OF LIVING ALLOWANCE) for the industrial workers. It forms a major part of salary and considered component of wages for calculation of PF, GRATUITY, LEAVE ENCASHMENT etc.
R.K.SINGH