Bonners Ferry Your Comment HTML Is OFF BBCode Is ON Smilies Are ON
Advance Search Feature
Available Downloads - Page 1
Search Result For "Bonners Ferry Your Comment HTML Is OFF BBCode Is ON Smilies Are ON" - Page 1
Dear MV Kannan,We divide the wages by 26 because it includes the weekly off days. When calculating overtime (OT), divide the monthly wages by 30, then by 8 to get the hourly wages, and multiply by 2 as the workman has to be paid at twice the rate. In the case of...
Do we need to add HRA also into ordinary wages when calculating OT wage?Thank you.
Dear Mr. Dhingra,Our company is already paying basic wages lower than the minimum wage as decided in our zone. However, when looking at the gross pay, it appears to be higher than the minimum wage.Due to the basic wages being below the minimum wage, we have been...
As per factory act 1948, OT should be calculated on ordinary monthly wage(Basic +DA+ HRA+other allowances) by the using formula = Gross/26 days/8 daily working hour * OT Hour done*2(twice).In Factory Act, 1948 …Payment for overtime, Section 59.—Where a worker wo...
Dear Member,If your wage structure also includes other components besides Basic & DA, please let us know under which Act you are utilizing this formula for the proper enforcement of OT payment.R.N.KHOLA
To calculate overtime (OT), it can be based on the basic salary plus Dearness Allowance (DA) or on the gross salary.
Dear Member,First, determine the applicability of the Act under which you are liable to pay overtime to your employees/workers, and then review the provisions relating to OT payment.R.N.KHOLA
Kindly note that the term "Ordinary Rate" refers to gross salary, but the labor officers allow calculation based on Basic + DA.
Dear All,Overtime (OT) will be calculated on Basic + DA + any other fixed allowances like House Rent Allowance (which is paid monthly and on a regular basis). Any fixed allowance paid on a monthly basis, please check with the law of the land before OT exemption....
Dear Mr. Dingra,Under the Minimum Wages Act, wages are considered for 26 days, and this is also followed under the Gratuity Act. In payroll computations, we divide the wages by 26 to arrive at the loss of pay.On the same basis, I was under the impression that fo...