I have a clarification. In case an employee works on a National Holiday with overtime, management has decided to pay a premium wage of 200%. For normal working hours, we calculate 200%, but how do we calculate the wages for the overtime hours?
From India, Chennai
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3From India, Chennai
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Dear G. Kathikeyan,
You have to pay based on the actual amount you pay as overtime wages (200% of normal wages). You neither need to count OT hours for the calculation of ESIC contribution nor do you have to specify them separately. You need to keep the contribution record of overtime for future reference only.
Regards,
Rahul Sindhwani
From India, Varanasi
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You have to pay based on the actual amount you pay as overtime wages (200% of normal wages). You neither need to count OT hours for the calculation of ESIC contribution nor do you have to specify them separately. You need to keep the contribution record of overtime for future reference only.
Regards,
Rahul Sindhwani
From India, Varanasi
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The National Capital Territory Of Delhi Holiday List 2018.pdf
National holiday on 14th april.doc
Wage Calculation.xls