Dear Friends, I need clarity on the payment of wages to employees coming on National and Festival Holidays. We have 7 security guards and 3 utility operators coming on National and festival holidays and in each shift. How should I make payment to them? Twice or Thrice? as overtime or additional present day? How this will reflect in Payslips?
Whether PF and Bonus will be calculated on these payments?
Regards,
Rajesh Hansrajani
From India, Chandigarh
Whether PF and Bonus will be calculated on these payments?
Regards,
Rajesh Hansrajani
From India, Chandigarh
4249
Rajesh,
I need to clarify what Madhu said.
You need to pay double rate (OT Rate) to the employees who are working on the national holiday.
This is in addition to the normal salary that they would get for the day.
Therefore, yes, you are paying them triple rate.
Please note that if the national holiday happens on a weekly off, then the person also gets a compensatory off within 3 days prior to or after that particular day.
OT payment gets excluded when computing PF and Bonus, but the amount he gets for that day (the original amount he would get if he was not working), that will be a part of PF, Bonus. ESIC is on gross payment, so that includes all.
From India, Mumbai
I need to clarify what Madhu said.
You need to pay double rate (OT Rate) to the employees who are working on the national holiday.
This is in addition to the normal salary that they would get for the day.
Therefore, yes, you are paying them triple rate.
Please note that if the national holiday happens on a weekly off, then the person also gets a compensatory off within 3 days prior to or after that particular day.
OT payment gets excluded when computing PF and Bonus, but the amount he gets for that day (the original amount he would get if he was not working), that will be a part of PF, Bonus. ESIC is on gross payment, so that includes all.
From India, Mumbai
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