Sunday, March 30, 2014

How to calculate Overtime wages?

As concept of overtime was stopped many years back, even senior employees forgot the calculations, leave alone new comrades.
For the benefit of all I hereby give the details of calculations with examples.
Overtime work shall be paid for at the rates mentioned below:

Category of Employee
% of hourly emoluments




Full Working Days
Half Working Days



CLERKS





First two quarter hours of overtime work
@ 100
@ 100



Next four quarter hours of overtime work
@ 170
@ 170



Next four quarter hours of overtime work
@ 200
@ 170



Rest of the overtime work
@ 200
@ 200



Subordinate Staff





First four quarter hours of overtime work
@ 150
@ 150



Next four quarter hours of overtime work
@ 200
@ 170



Rest of the overtime work
@ 200
@ 200





For the work done on Sundays and holidays to which he may be entitled, a workman (including a peon who is asked to work as a Watchman on such days) will be paid for the entire period of work at 200% of his hourly emoluments, unless any such day happens to be a working day for him.

For the purpose of calculating the amount payable for overtime work -

i.               work done for less than one full quarter of an hour shall be deemed to be work done for quarter of an hour.
ii.             the expression emoluments shall mean aggregate of Basic pay, Special allowance (if any), Officiating allowance (if any) and Dearness allowance.
iii.   every month shall be deemed to consist of 150 working hours so that the monthly emoluments payable per hour will be deemed to be 1/150th of the monthly emoluments, for all workmen.
*********************************************************
EXAMPLE:

An employee with basic pay of Rs8000 salary will be Rs. 15992 including D.A
One hour salary = 15992/150=106.61

1. If he works 2 hours extra on Monday to Friday:

 First two quarters= Half an hour=106.61/2 @ 100%=53.30
Next four quarters=One hour      =106.61@170%      =181.23
Next two quarters=Half an hour =106.61/2@200%   =106.61

                                                           Total O.T wages  =341.14

2. If he works 2 hours extra on  Saturdays:

   First two quarters= Half an hour=106.61/2 @ 100%=53.30
Next four quarters=One hour      =106.61@170%      =181.23
Next two quarters=Half an hour =106.61/2@170%    =90.60
                                                          
                                                         Total O.T wages     =325.13

3. If he works 7 hours on a Sunday or Holidays:

  Entire 7 hours will be paid @ 200%=106.61X7X(200/100)=1492.54

**If the employee is a senior with Basic Pay of Rs 21700+PQP1230+FPP800=23730
Then he will get  Rs. 1011.90,964.41, 4427.24 as per above example.
(if we take Special allowance of SWO or Special Assistant total will be still more)

Nowdays, Banks saves crore of rupees by not giving overtime wages , but extracting work beyond normal working hours, threatening employees in the name of Confirmation, Transers, and Promotions.


19 comments:

Anonymous said...

my bank's time is 9.00 am to 4.00 pm and i have forcefully worked up to 6.30 to 7.30 daily for last three years. even many days i have to stay up to 10.00pm.

When ever i asked to our leader he said that over time is not permissible in banks. then in such case what we should do

Anonymous said...

What about Officers?

Anonymous said...

U should deny to work till 7.30 or 10

Anonymous said...

In that case tell him straight away tell jaisi salary waisa kaam...chale jaya kar branch se time se zyada se zyada transfer karega us se zyada kuch nahin.

Anonymous said...

Anybody from BANK OF INDIA??

Anonymous said...

Bhai mera b m bhi yahi bolta tha ki overtime ni hota bank me isliye me ab 5:00 pm branch se nikal jata hu tum bhi time se nikal jaya karo

Anonymous said...

Clerk working hour in bank is 09:45 to 16:45 after that leave all work and pack up .no body will force u to work andno body will transfer u until u want.

Anonymous said...

Wat abt officers....

Anonymous said...

Yes sab bakwash band karo. what is about wage revision, we want that only and after that you will be thrown in the road. No need all of you. what you have done since last last two years.

Mannu Seth said...

Me from boi.. clerical cadre wt about man

Unknown said...

Plz can anyone tell which settlement mention stoping overtime allowance for clerical carded though I think officers overtime allowances stopped around 1980s. The first settlement mentions to pay overtime but even our union leaders misguide us on this topic .. If there is any settlement which says to stop overtime to both clerical and officer then we should follow it but agar ye sirf ullu banana hai to this is called management at its best.

Kumar said...

Can overtime payment paid in part if yes then rule

Anonymous said...

Sir
Overtime calculation for saturday & sunday at gross salary 28055 ,Help me out with it .Thanks

Unknown said...

Is branch manager has the power to approve overtime pay??

Unknown said...

how will calculate overtime for saturday & sunday due to demonetisation?

Anonymous said...

Working in canara bank as a clerk but had to do duties of two persons due to lack of staff what to do?

Anonymous said...

I m working in currency chest as clerk, I use to to branches for remittance and return back at late night after 8 pm. Can I get overtime

vargab said...

Overtime in bank is paid according to which act and which bps terms?

Unknown said...

How to determine day end of branch?