Over time can be calculated on Basic+DA or Gross Salary?
From India , Bangalore
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1From India , Bangalore
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What is the basis for calculating one day's salary when you have to deduct Leave Without Pay? The same should apply to the wages for overtime calculation as well. If you pay full HRA, conveyance allowance, and other allowances when one is on leave without pay, you can also pay overtime based on Basic and DA alone!
From India, Kannur
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From India, Kannur
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Overtime Calculation: Basic Salary Plus DA or Gross Salary?
Overtime can be calculated on either the basic salary plus DA (dearness allowance) or the gross salary, depending on the company's policies and the applicable laws and regulations.
Legal and Policy Considerations
In some countries or industries, there may be specific laws or collective bargaining agreements that govern how overtime is calculated. In other cases, the company may have its own policies on how to calculate overtime, which may vary from one company to another.
Overtime Pay Rates
Generally speaking, overtime pay is usually calculated as a multiple of the regular hourly rate, with the specific multiple depending on the applicable laws or company policies. For example, in some countries, overtime may be paid at 1.5 times the regular rate, while in others, it may be paid at double the regular rate.
So, whether overtime is calculated on the basic salary plus DA or gross salary, the method used will ultimately depend on the specific laws, regulations, and policies that apply in the relevant jurisdiction or company.
From India, Noida
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Overtime can be calculated on either the basic salary plus DA (dearness allowance) or the gross salary, depending on the company's policies and the applicable laws and regulations.
Legal and Policy Considerations
In some countries or industries, there may be specific laws or collective bargaining agreements that govern how overtime is calculated. In other cases, the company may have its own policies on how to calculate overtime, which may vary from one company to another.
Overtime Pay Rates
Generally speaking, overtime pay is usually calculated as a multiple of the regular hourly rate, with the specific multiple depending on the applicable laws or company policies. For example, in some countries, overtime may be paid at 1.5 times the regular rate, while in others, it may be paid at double the regular rate.
So, whether overtime is calculated on the basic salary plus DA or gross salary, the method used will ultimately depend on the specific laws, regulations, and policies that apply in the relevant jurisdiction or company.
From India, Noida
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SALARY SHEET CALCULATION.xls
Salary calculation.doc