Generally.what.is.the.criteria.of.giving/calculating.the.overtime.in.a.shoe.manufacturing.unit
From India, Delhi
1From India, Delhi
Dear Mr.Nasir I presume that the shoe manufacturing unit is a factory as defined in the Factories Act. Then the provisions relating to overtime contained in the Factories Act will apply.
From India, Madras
From India, Madras
Thanx,Mr.Harikrishnan,
Yes,it.is.covered.under.the.factories.Act.
Plz.clear:
Suppose.Mr.A.has.a.monthly.salary.of.9000.So.do.v. calculate.his.wages.per.hour.as(9000/30days=300/day)Again300/8hours=Rs37.50.This.Rs37.50.will.b.the.one.hour.ov ertime.of.Mr.A.or.v.give.him.something.in.excess.o f.this.calculated.amount.
Regards
Nasir
From India, Delhi
Yes,it.is.covered.under.the.factories.Act.
Plz.clear:
Suppose.Mr.A.has.a.monthly.salary.of.9000.So.do.v. calculate.his.wages.per.hour.as(9000/30days=300/day)Again300/8hours=Rs37.50.This.Rs37.50.will.b.the.one.hour.ov ertime.of.Mr.A.or.v.give.him.something.in.excess.o f.this.calculated.amount.
Regards
Nasir
From India, Delhi
Re: Overtime
i want to ask resp. Harikrishan that while calculating overtime what will be the definition of wages or salary. I mean to say will it be calculated on gross emoluments like basic+da+hra+special allowance etc.this is very much clear that overtime amount paid in double the wages.
D.k parashar
From India, Amritsar
i want to ask resp. Harikrishan that while calculating overtime what will be the definition of wages or salary. I mean to say will it be calculated on gross emoluments like basic+da+hra+special allowance etc.this is very much clear that overtime amount paid in double the wages.
D.k parashar
From India, Amritsar
Dear Mr. Nasir,
In your calculation, u take 30 days per month. But as per my knowledge, it'll be 26 days per month. "Weekly off"- will not be calculated in this calculation and Overtime rate will be twice of general hourly rate. So, if I'm not wrong actual calculation will be :
OT will be : 9000/(26*8)=43.00X2=Rs.86/hr.
From India, Calcutta
In your calculation, u take 30 days per month. But as per my knowledge, it'll be 26 days per month. "Weekly off"- will not be calculated in this calculation and Overtime rate will be twice of general hourly rate. So, if I'm not wrong actual calculation will be :
OT will be : 9000/(26*8)=43.00X2=Rs.86/hr.
From India, Calcutta
Thanx......Mr.Sarkar...For.ur.valuable.reply/answer.to.my.querry. Also.can.u.give.me.some.details.regarding.the.standards.used.for.performance.Appraisals.of.the.employees Regards Nasir
From India, Delhi
From India, Delhi
dear prasar overtime calculation depends upon company policy. some organization give it on basic but some gives in gross(basic+hra+conv. etc).
From India, Delhi
From India, Delhi
Dear Mr.Mukesh
Over time is a legal right and cannot be based on company's policy. It depends on the section/clause relating to rate of over time wages contained in the law applicable to the establishment concerned. When you make a posting in web site please ensure that what you say is correct.
With regards
From India, Madras
Over time is a legal right and cannot be based on company's policy. It depends on the section/clause relating to rate of over time wages contained in the law applicable to the establishment concerned. When you make a posting in web site please ensure that what you say is correct.
With regards
From India, Madras
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Overtime.ppt
OverTime.xls
Overtime Form.doc