Deat Sir/Madam
PFA herewith Salary Slip format.
I want to know can i add overtime payment in salary slip as I have already included in this slip as shift allowance.
So please let me is it correct .
An early reply highly appreciated
Thanks & Regard
Sujata
From India, Pune
10PFA herewith Salary Slip format.
I want to know can i add overtime payment in salary slip as I have already included in this slip as shift allowance.
So please let me is it correct .
An early reply highly appreciated
Thanks & Regard
Sujata
From India, Pune
Dear Sir, Awaiting your reply as I have to issue Salary Slip. In this regards I just would like to know can I add Overtime payment in the attached salary slip or what. Please reply. Regards Sujata
From India, Pune
From India, Pune
Dear Sujata ji,
You can certainly add the Overtime component in the pay slip.But remember if you are covered under the Factories Act or Shop & Establishment Act, you have to comply with the provisions contained therein.You have to make necessary changes in the computerized pay slip as Overtime component is included in the wages definition under the ESI Act,1948 whereas no contributions is required to be deducted under EPF & Misc Provisions Act,1952.
BS Kalsi
Member since Aug 2011
From India, Mumbai
You can certainly add the Overtime component in the pay slip.But remember if you are covered under the Factories Act or Shop & Establishment Act, you have to comply with the provisions contained therein.You have to make necessary changes in the computerized pay slip as Overtime component is included in the wages definition under the ESI Act,1948 whereas no contributions is required to be deducted under EPF & Misc Provisions Act,1952.
BS Kalsi
Member since Aug 2011
From India, Mumbai
Showing overtime as shift allowance is a potential mine field that you are creating
Legally, this amount to not paying overtime. So at any point of time, an employee or ex employee can file a complain asking for overtime (there must be records of the same). In such a case you will have to pay double rate overtime for the last 3 years and interest at 18% plus a penalty.
The fact that you paid shift allowance is likely to be ignored by the court as there is nothing to show it was overtime. Overtime must be clearly stated (as per minimum wages act and payment of wages act)
From India, Mumbai
Legally, this amount to not paying overtime. So at any point of time, an employee or ex employee can file a complain asking for overtime (there must be records of the same). In such a case you will have to pay double rate overtime for the last 3 years and interest at 18% plus a penalty.
The fact that you paid shift allowance is likely to be ignored by the court as there is nothing to show it was overtime. Overtime must be clearly stated (as per minimum wages act and payment of wages act)
From India, Mumbai
Dear Sir,
I read your comments. But I would like to know can I show overtime payment as other allowance.
or Shift allowance is okay.
As in future we don't want to involve in any legal matter.
Please suggest.
From India, Pune
I read your comments. But I would like to know can I show overtime payment as other allowance.
or Shift allowance is okay.
As in future we don't want to involve in any legal matter.
Please suggest.
From India, Pune
Till it is tested in court (where it depends on circumstances and how the lawyers argue it), we will not know ...... :)
From legal best practices, it is dangerous to call overtime by any name other than overtime. It can cause a problem at a later stage. So talk to your management and get the name changed back to over time. Do not call it any other allowance.
From India, Mumbai
From legal best practices, it is dangerous to call overtime by any name other than overtime. It can cause a problem at a later stage. So talk to your management and get the name changed back to over time. Do not call it any other allowance.
From India, Mumbai
Dear Sir,
The above conversation is very informative for the overtime. As we are into hospital and overtime is the major concern in case monthly salary generation. Still there are some doubts…
1. as overtime is not fixed it depends on the situation thus... still ESI applicable on overtime payment
2. can it be added in salary slip as we are going for HR module software
3. if yes then under which term
Request to please guide me and would appreciate your response asap.
Thank You
From India, New Delhi
The above conversation is very informative for the overtime. As we are into hospital and overtime is the major concern in case monthly salary generation. Still there are some doubts…
1. as overtime is not fixed it depends on the situation thus... still ESI applicable on overtime payment
2. can it be added in salary slip as we are going for HR module software
3. if yes then under which term
Request to please guide me and would appreciate your response asap.
Thank You
From India, New Delhi
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Download Link - XLTOOL - Excel Spreadsheet Format Software - Professional Office Software
Direct Link - XLTOOL - Salary Slip Printing & eMail Software - XLTOOL - Excel Spreadsheet Format Software
From India, Mumbai
Download Link - XLTOOL - Excel Spreadsheet Format Software - Professional Office Software
Direct Link - XLTOOL - Salary Slip Printing & eMail Software - XLTOOL - Excel Spreadsheet Format Software
The basic version of software is free for small users. It is secured and safe utility so admin can protect it by strong password. Addition and deletion of salary records are very quick. Admin can maintain more than 40000 salary records and can create multiple copies of utility for every new year.
Features of software -
- Easily manage all employee salary database at one place.
- Bulk Print salary slip printing
- Bulk send salary slip by email as pdf attachment.
- Create reports month-wise and year-wise.
- Filter and find data quickly.
- Help to prepare salary certificates and accounting.
- Change text fonts, colors, styles in slip print formats.
- No installation and no setup
Download Link - XLTOOL - Excel Spreadsheet Format Software - Professional Office Software
Direct Link - XLTOOL - Salary Slip Printing & eMail Software - XLTOOL - Excel Spreadsheet Format Software
From India, Mumbai
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Salary slip format.xls