anandakg
5

Dear All
Pls refer Factory act 1948 ( Sec.59) wherein it is mentioned that all allownaces are to considered for calcualtion of Overtime.And it should be paid at double rate.However in shops & Establishment act the defination of Overtime is not given.
Anand

From India, Mumbai
hackeranil
5

Hii,
You can calculate OT like this.
Case1:
If you work for 5 days in a week and 8 hours for one day.
suppose Basic is INR 6000.
Logic is 21 working days for month and if you work for 8 hrs for one day.
Then (Basic)/21*8=Basic/168. which is for one hour like this you can calculate .
6000/168=35.71 Rupees for one hour.
Case2:
if you work for 6 days in a week and 8 hours for one day.
6000/26*8=6000/208=28.84 Rupees for one hour.
thanks and regards,
Anil

From India, Hyderabad
subbarao.nv
40

Overtime is payable only on Basic + DA & VDA. If DA & VDA are not part of salary forget about them. All other allowances are not applicable.
The calculation is very simple = basic / 208 (one hour wage) x 2 (payable double hour) x actual OT hours i.e 49 hours. Hope you can remember this 208, it is a shortcut, instead of doing basic / 26 days / 8 hours.
Regards===S Rao / 09849562900 / Hyderabad

From India, Hyderabad
pganeswararao
14

Good after noon, This is Ganesh from Hyderabad. Yes, Sh. Jeevarathnam is given correct answer. The OT will be calculated on hourly basis and double the payment, which is statutory. Rgds Ganesh
From India, Hyderabad
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