Dear Sir, I want to know how to calculate the over time of workers in an organisation. Regards Ekta pant
From India, New Delhi
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1From India, New Delhi
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Well, as explained above, you can go with the same. In short, you can assume the overtime as double the amount per hour compared to the normal working hours in terms of compensation. You can find many online software tools that can help you manage your payroll, along with managing overtime payouts.
From India, Lucknow
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From India, Lucknow
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If the total working time, including overtime, is 9 hours per day or 48 hours per week, a single payment is applicable. For hours worked over and above this, double payment is applicable. Please calculate both scenarios and pay whichever is more beneficial to the employee/worker.
Regards,
Abbas.P.S
From India, Bangalore
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Regards,
Abbas.P.S
From India, Bangalore
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Dear all, Why OT is calculated on 26 days or it may be calculated on no of day in a particular month? What the law says? Please clarify. Regards Rajendra Mohanty
From India, New Delhi
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From India, New Delhi
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If you look into the minimum wages gazette, it states, "To arrive at the daily wage, the monthly wages shall be divided by 26." This method helps maintain a constant wage for overtime or any salary-related calculations. If you calculate based on the number of days in a month, there will be variations in overtime and other allowances. For example, consider how you would calculate for the month of February. Your employees will receive their full salary if they work for the entire month, but they will receive less in overtime wages.
Understanding the 26-Day Calculation
The number 26 is constant and is derived as follows: 365 - 52 = 313 (365 days in a year - 52 Sundays), and 313 / 12 = 26 (313 days - 12 months = 26 days). Therefore, the average number of days in a month is 26.
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Understanding the 26-Day Calculation
The number 26 is constant and is derived as follows: 365 - 52 = 313 (365 days in a year - 52 Sundays), and 313 / 12 = 26 (313 days - 12 months = 26 days). Therefore, the average number of days in a month is 26.
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SALARY SHEET CALCULATION.xls
Salary calculation.doc