Hello Seniors, Plz advise me how to calculate OverTime and TDS. I came across some calculations but m failed to understand. Regards, Ritika
From India, Noida
Acknowledge(0)
Amend(0)
3From India, Noida
Acknowledge(0)Amend(0)
Dear, For the calculation of OT =(Basic or Gross salary)/ 26 then u will get the per day amount, = per day amount /8 it will give u per hour amount . Regards Atul
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear Ritika,
Kindly note that all the amounts paid by the employer to the employee (other than reimbursements) fall under the head Salary Payments, and obviously, the Overtime is also taxable as per Salary Rules.
i.e. you will have to add the overtime payment to the Salary Component only.
From India, Pune
Acknowledge(0)Amend(0)
Kindly note that all the amounts paid by the employer to the employee (other than reimbursements) fall under the head Salary Payments, and obviously, the Overtime is also taxable as per Salary Rules.
i.e. you will have to add the overtime payment to the Salary Component only.
From India, Pune
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Salary with TDS Calculation-Fin al Amended for net.xls