How to Calculate Overtime: What Components Has to be Included? Shall we have a Prepare Overtime Sheet?
From India, Ahmedabad
From India, Ahmedabad
Under Factories Act Sec-59 - " Extra wages for overtime " ................. in respect of overtime work, be entitled to wages at the rate of twice his ordinary rate of wages.
" Ordinary rate of wages " means the basic wages plus such allowances................ as the worker for the time being entitled to , but does not include a bonus and wages for overtime work.
Preparation of overtime sheet is required.
S K Bandyopadhyay ( Howrah, WB)
CEO USD HR Solutions
+91 98310 81531
skb@usdhrs.in
From India, New Delhi
334" Ordinary rate of wages " means the basic wages plus such allowances................ as the worker for the time being entitled to , but does not include a bonus and wages for overtime work.
Preparation of overtime sheet is required.
S K Bandyopadhyay ( Howrah, WB)
CEO USD HR Solutions
+91 98310 81531
skb@usdhrs.in
From India, New Delhi
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Overtime.ppt