Dear seniors,
Our one employee gross salary is Rs.10000 / per month.
They are working 12 hrs/day.
How can we calculate per day salary and overtime salary as per factories act 1948.
Please check the following and kindly provide the correct one
(I) One day salary calculation
(A) [Rs.10000 / 26 = Rs.384.6 / day
or
(B) Rs. Rs.10000 / 30 = Rs. 333.33 / day,
or
(C) February month Rs.10000 / 28 = Rs.357.14
or
(D) January month Rs.10000 / 31 = Rs.322.58 / day
or
(E) Shall we divide the gross salary as per every calendar month days.
(II) Overtime Salary calculation for One hour
(A) [Rs.10000 / (26 x 8) ] x 2 = Rs. 96.15 /hr.
OR
(B) [Rs.10000 / (30 x 8) ] x 2 = Rs.83.33 / hr.
OR
(C ) [Rs.10000 / (28 x 8) ] x 2 = 89.28 / hr.
OR
(D ) [Rs.10000 / (31 x 8) ] x 2 = Rs.80.64 / hr.
OR
(E) Shall we divide the gross salary as per every month calendar days with divide 8 and multiply 2
Which one is correct in this above per day and hours wages calculation?
In this above, from which calculation PF will be deducted 12% from employee salary.
Otherwise PF will be deducted 12% from employee basic salary
Is PF deduction applicable to overtime wages or not?
Can we calculate Overtime salary from basic salary instead of Gross salary?
Can we calculate 12% PF deduction from basic salary instead of Gross salary?
Please clarify our above doubts.
Thanks with Regards
Thirumurugan
Our one employee gross salary is Rs.10000 / per month.
They are working 12 hrs/day.
How can we calculate per day salary and overtime salary as per factories act 1948.
Please check the following and kindly provide the correct one
(I) One day salary calculation
(A) [Rs.10000 / 26 = Rs.384.6 / day
or
(B) Rs. Rs.10000 / 30 = Rs. 333.33 / day,
or
(C) February month Rs.10000 / 28 = Rs.357.14
or
(D) January month Rs.10000 / 31 = Rs.322.58 / day
or
(E) Shall we divide the gross salary as per every calendar month days.
(II) Overtime Salary calculation for One hour
(A) [Rs.10000 / (26 x 8) ] x 2 = Rs. 96.15 /hr.
OR
(B) [Rs.10000 / (30 x 8) ] x 2 = Rs.83.33 / hr.
OR
(C ) [Rs.10000 / (28 x 8) ] x 2 = 89.28 / hr.
OR
(D ) [Rs.10000 / (31 x 8) ] x 2 = Rs.80.64 / hr.
OR
(E) Shall we divide the gross salary as per every month calendar days with divide 8 and multiply 2
Which one is correct in this above per day and hours wages calculation?
In this above, from which calculation PF will be deducted 12% from employee salary.
Otherwise PF will be deducted 12% from employee basic salary
Is PF deduction applicable to overtime wages or not?
Can we calculate Overtime salary from basic salary instead of Gross salary?
Can we calculate 12% PF deduction from basic salary instead of Gross salary?
Please clarify our above doubts.
Thanks with Regards
Thirumurugan