how to calculate overtime FOR 12 AND 13 TH NOVEMBER 2016 FOR BANK STAFF

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Judul : how to calculate overtime FOR 12 AND 13 TH NOVEMBER 2016 FOR BANK STAFF
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how to calculate overtime FOR 12 AND 13 TH NOVEMBER 2016 FOR BANK STAFF

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.





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.







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