How To Calculate Overtime In Gujarat
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Good afternoon,This is Ganesh from Hyderabad. Yes, Sh. Jeevarathnam has given the correct answer. The overtime (OT) will be calculated on an hourly basis and will be double the payment, which is statutory. Regards, Ganesh@sujayda:> How to calculate Overtime. The...
Dear All,Please refer to the Factory Act of 1948 (Sec. 59) wherein it is mentioned that all allowances are to be considered for calculation of overtime, and it should be paid at a double rate. However, in the Shops and Establishment Act, the definition of overti...
Dear Friends,Please note that OT wages mean: Basic wages plus such allowances, including the cash equivalent of the accruing through the concessional sale to workers of food grains and other articles, as the worker is for the time being entitled to, but does not...
OVER TIME PAYMENTS UNDER DEPARTMENTAL RULES (DOT)In the case of Day Workers, the overtime is paid at the rate of Basic Pay + Dearness Allowances + City Compensatory Allowance + Personal Pay + Special Pay + Pension to the extent as applicable, divided by 200 for ...
Hi Shamim,As there are 4-5 days off in a month, generally, we consider 25 days as working days. Salaries are calculated based on 25 days per month.
Hi Sujayda,As mentioned above, there are some companies that calculate OT on Basic+DA and some companies that calculate OT on total monthly gross salary. The formula mentioned below is as follows:1) Basic+DA divided by the number of days in the month divided by ...
Hi all,I'm confused with two answers. Please tell me which one is correct, whether I should go with Mr. Jeevarathnam's answer or Miss/Mrs. Shamin S.'s answer.
To calculate overtime in Indian factories, there are specific rules and regulations that need to be followed. In India, the calculation of overtime pay is typically based on the number of hours worked beyond the regular work hours as defined by the Factories Act...
Please go through the Factories Act 1946, Chapter VI - Working Hours, and clearly mention the overtime payment details."Where a worker works in a factory for more than nine hours in any day or for more than forty-eight hours in any week, he shall, in respect of ...
Under Sec. 59, it is mentioned that where a worker works in a factory for more than 9 hours in any day or for more than 48 hours in any week, he/she shall, in respect of overtime work, be entitled to receive wages at the rate of TWICE his/her ordinary rate of wa...