Calculation Of Training Hours In Excel Form
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I am working in a manufacturing company in Hyderabad as an Accounts Manager. My company is in the process of paying leave encashment for all staff. My queries are as follows:1) When is a person eligible to apply for leave encashment? Are there any minimum days r...
Can anybody help with this problem? Generally, my company separates morning overtime and evening overtime.- Work start time: 08:30- Work sign-in time: 09:45- Work sign-out time: 18:30- Work end time: 19:30For all the above calculations, I need a formula. In this...
@kal200775:> Hello everyone,> > Per day salary (a) = basic / number of days in the month. In case of double OT: overtime rate per hour = a/4\. In case of single OT: overtime rate per hour = a/8\. Now a simple thing: your question was if a worker works from 9 am ...
Hi Jiguparmar,This is Renu. I downloaded your master salary sheet, which is really great. However, I am facing some difficulty in accessing the file due to sheet protection. I kindly request you to please provide me with the password via email. My email ID is re...
Dear Shraddha,OT is calculated as: (Basic + Sp. Allowance OR D. A.) / Number of days in a month / 8 hours * OT hours * 2.Regards,Reshma
Hi Shraddha!It is very simple to calculate the OT. As per labor laws, it must be at double the normal rate. As you asked, from 9 AM to 12 Noon, the number of hours worked is 3, for which extra work has been done by the employee. Coming to the calculation of the ...
Hi Shraddha,Greetings!As per my knowledge, OT is usually calculated as double. Let's say: 3 hrs x 2 = 6 hrs. So, hopefully, no such formulae are required. Any seniors can guide, please…!!!Regards,Ramramkpoddar82@gmail.com
Basic + VDA/DA (Variable Dearness Allowance or Dearness Allowance). Basic + DA (if any) / 26 / 8 * 2 for overtime wages to workers. In the case of staff, it should be Basic + DA (if any) / 30 / 8 * 2\.So simple to understand.PK Mishra
Dear user,Dearness Allowance (DA) depends on the percentage of the basic salary. For example, if the basic salary is $20,000 and DA is 50%, then DA would be calculated as follows:$20,000 * 50/100 = $10,000I hope this helps. Let me know if you have any further qu...
Dear,The DA is "DEARNESS ALLOWANCE" paid periodically to the employees to enable the neutralization of the cost of living. It is substituted by IDA (INDUSTRIAL DEARNESS ALLOWANCE) or COLA (COST OF LIVING ALLOWANCE) for the industrial workers. It forms a major pa...