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
Wages for working on nay holiday is to be at double the rate. It should be counted like any other overtime wages. No PF nor Bonus will attract on this amount but ESI should be deducted and paid for the extra wages paid for extra work or overtime.
From India, Kannur
4249From India, Kannur
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
Double the average rate of wages is including the single rate already included for the paid holiday. Compensatory holiday is over and above this one.
From India, Kannur
From India, Kannur
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