How Do I Calculate Net Salary with Overtime and Deductions for a Worker?

sonalihrd
To Seniors,

Kindly let me know the answer to the query below. I need the correct answer and details for solving:

- Worker Salary: $240/day
- Overtime: 1.5 times the salary
- Overtime hours: 30 hours
- Advance: $1000
- Loan: $500
- Present day: 25

Also, there are PF and ESIC deductions. Therefore, calculate the net salary.

Regards
jkct15
Salary = $6000 (240*25)
OT = $1350 (240/8*1.5*30)
Salary+OT = $7350

Deductions:
ESI = $128.62 (6000 + 1350 * 1.75%)
PF = $720 (6000 * 12%)
Loan = $500
Advance = $1000
Total Deduction = $2348.62

Net salary = $5001.37 (7350 - 2348.62)

I hope this clarifies your query.
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