Overtime Calculation [Thread 253222]

Anuj S
Dear Friends
I have these 2 questions please help me out....
How should I calculate Overtime for a Trading Proprietary business. & how should I decide the minimum wage hour for the employees ?
Please help me, I want answers very soon .
Anuj
mahesh s patil
Anju,
Over Time calculation= per day Basic+DA/8*2.
ur question about Minimum wage hour is not clear.
Reema HR
Thanks for sharing such important things
Regards,
Reema
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mravimtnl
Pls refer the notification issued by government under minimum wages act to determine the Minimum Wges as the Notification declares waes for each bussiness such as Hospital, hotels, etc., I think your organization falls under the category of shops and establishment for which the rate in mumbai are as below
skilled4031, semi skilled 3931, unskilled:3831. If it does not come under the purview of any of the bussiness specfied in the chief labour commissioner .
RAMU HEGDE
over time calculation (as per the act,monthly salary)
Total salary/26/8*no of hrs OT*2
regarding minimum wages u can get it from labour dept (Your state)
Regards
Ramu Hegde
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