SAMPLE LETTER FOR REDUCE THE OVER TIME
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Hi Shabana,How are you? Overtime calculation is (G x 2 / 26 / 8) x overtime hours. Then, ESI deduction on overtime amount is compulsory.Thanks, I hope your query will be resolved.Chander HR-Exec.
Dear Member,Kindly note that the total amount payable to an employee would be Rs. 1188/- (1210-22), not Rs. 1130/- as only the employee's share of ESI is deducted from the payable amount, not the employer's share.Regards,Baba Naresh
Dear Shabana,Suppose an employee has worked overtime for 10 hours in the month of July, and his salary is Rs. 15,000 per month. The overtime (OT) amount and Employee State Insurance (ESI) deductions would be as follows:OT amount: Rs. 15000 / 31 / 8 * 10 * 2 = Rs...
Dear Manish,I do not think there is any provision or rule under the Minimum Wages Act, 1948 which says that OT is mandatory for employees drawing up to Rs. 10,000\. No wage ceiling is there in this Act.With Regards,R.N. Khola
Hi Babanaresh,What do you mean by 'OT to be paid at double rate?'In our concern, the additional hours spent are paid on an hourly basis with a gross salary per hour. If the monthly gross salary is G, then the calculation goes as follows:G x 12 / 365 / 8(8 repres...
Very interesting. Not being aware of this, there are many companies that are making staff do overtime and paying almost half the staff's salary as overtime!!! Thanks babanaresh and nagarpankaj07 for the information. I would like to add a sincere thanks to all th...
Over time should be paid as per the Factory Act of 1948\. All statutory deductions are to be made. As a special provision, you may seek special permission for more than 50 hours, up to 75 hours in a quarter, from the appropriate government authority.
Dear Bilal,In a week, overtime should not exceed 12 hours, quarterly overtime should not exceed 50 hours, and daily overtime should not exceed 4 hours as per the Factory Act of 1948\. Overtime is paid at a double rate, and ESI should be deducted from the overtim...
Hi all,The corrected formula is: Monthly Gross/26/8 * OT hrs * 2 for OT calculations, as per the Factory Act. OT is mandatory for employees drawing up to Rs. 10,000/- as per the Minimum Wages Act.Thanks, Manish Gupta
Dear All,Is there any law in labor laws that overtime should be calculated based on the basic salary plus the hourly rate of the employee only?