HI all,
I am working in Hotel Industry.I have Same problem abt the Over time pay for Hotel employee.can any One suggest me How To calculate over time for Hotel Industry?
plz do the needful,
Regards
Amol
From India, Mumbai
I am working in Hotel Industry.I have Same problem abt the Over time pay for Hotel employee.can any One suggest me How To calculate over time for Hotel Industry?
plz do the needful,
Regards
Amol
From India, Mumbai
Sir Overtime wages is calculated only for PF wages ( basic + DA +Personal Pay + Prodty allow such concern) ksv
From India, Madras
1From India, Madras
BASIC SALARY X 12/52*48 = RESULT*1.25 FOR NORMAL W/H & RESULT*1.50 FOR HOLIDAY W/H RESULT CAN BE MULTIPLIED BY ANY FIGURE COMPANY APPLIED
From India, Delhi
From India, Delhi
plz dont misguide if you are unaware of some thing OT is paid on basic wages i.e Basic + Da only and not on other allownances or conveyances.
From India, Mumbai
From India, Mumbai
OT Is calculated on gross salary as per all labor laws... It is cent percent correct..... Regards, Jyoti
From India, Kolhapur
From India, Kolhapur
Please go through the factory act which is self explanatory
Sec-59. Extra wages for overtime.—(1) Where a worker works in a factory far more than nine hours in any day or for more than forty-eight hours in any week, he shall, in respect of overtime work, be entitled to wages at the rate of twice his ordinary rate of wages.
6[(2) For the purposes of sub-section (1), \'ordinary rate of wages\' means the basic wages plus such allowances, including the cash equivalent of the advantage 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 include a bonus and wages for overtime work.
(3) Where any workers in a factory are paid on a piecerate basis, the time rate shall be deemed to be equivalent to the daily average of their full time earnings for the days on which they actually worked on the same or identical job during the month immediately preceding the calendar month during which the over
From India, New Delhi
Sec-59. Extra wages for overtime.—(1) Where a worker works in a factory far more than nine hours in any day or for more than forty-eight hours in any week, he shall, in respect of overtime work, be entitled to wages at the rate of twice his ordinary rate of wages.
6[(2) For the purposes of sub-section (1), \'ordinary rate of wages\' means the basic wages plus such allowances, including the cash equivalent of the advantage 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 include a bonus and wages for overtime work.
(3) Where any workers in a factory are paid on a piecerate basis, the time rate shall be deemed to be equivalent to the daily average of their full time earnings for the days on which they actually worked on the same or identical job during the month immediately preceding the calendar month during which the over
From India, New Delhi
HI.
The worker is daily wages u can calculate daily wages/8*2 * no of OT hrs.
If staff calculation is Basic + DA /30/8* No of OT Hrs.
If staff Salary is Above 10000 gross is there u can give comm off ot incentive.
This is our company formula.
I this is help u.
Regards
Bhaskar
From India, Osmanabad
The worker is daily wages u can calculate daily wages/8*2 * no of OT hrs.
If staff calculation is Basic + DA /30/8* No of OT Hrs.
If staff Salary is Above 10000 gross is there u can give comm off ot incentive.
This is our company formula.
I this is help u.
Regards
Bhaskar
From India, Osmanabad
Hi I am working in a manufacturing division. We are working in two shits. Each shift starts from morning 8 am to night 8 pm.
I would like to know about OT hour. As per normal working hour the sift starts from 8.30 am to 5 Pm. From 5 pm to 8 pm, can we provide 3hr OT or we have to pay 4 hours OT.
If any documents available please share to me.
Thanks
Ks
From India, Hyderabad
I would like to know about OT hour. As per normal working hour the sift starts from 8.30 am to 5 Pm. From 5 pm to 8 pm, can we provide 3hr OT or we have to pay 4 hours OT.
If any documents available please share to me.
Thanks
Ks
From India, Hyderabad
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Overtime calculation- weekly hours of work.PDF
SALARY SHEET CALCULATION.xls