Hi All, I read extensively in our forum about overtime, how it is calculated and the criteria. I still have some doubts which I hope to get clarified. My
organisation is into Underwriting services.
When we say Gross Pay - it includes Basic, DA, HRA and all allowances. Does it include the monthly performance bonus and shift allowance? When calculating ESIC, we include Performance bonus and shift allowance for the Gross Pay. Is it the same for Overtime as well. Every month I have a different gross salary because of the varying shift allowance and performance bonus. I am finding difficulty in fixing the Gross salary for calculation.
Kindly help.
organisation is into Underwriting services.
When we say Gross Pay - it includes Basic, DA, HRA and all allowances. Does it include the monthly performance bonus and shift allowance? When calculating ESIC, we include Performance bonus and shift allowance for the Gross Pay. Is it the same for Overtime as well. Every month I have a different gross salary because of the varying shift allowance and performance bonus. I am finding difficulty in fixing the Gross salary for calculation.
Kindly help.