Calculating Overtime in Excel: Can You Do It with Just In and Out Times?

Dear leaders, this is Rinki Sharma. I want to know if we can calculate overtime hours in an Excel sheet by only entering the in and out times.

Payment of overtime should be done at twice the rate of wages (inclusive of all allowances), and the calculation formula should be: rate of salary / 26 / 8 * OT hours * 2. In the case of months with 30 or 31 days, the second formula should be: rate of salary / 24 / 8 * OT hours * 2 for months with 28 or 29 days.

Thanks & Regards,

Sumit Kumar Saxena

Yes, you may calculate OT in an Excel sheet. First, you have to generate an Excel sheet with all employees' names, their salaries, OT hours, and the calculation of OT as per the formula provided by Sumit. This sheet can be used every month for calculating OT; you only need to change the OT hours for employees leaving and joining.

Regards