Vikas Gupta
(Tax Executive)
(530 Points)
Replied 07 May 2016
Some calculates as taking salary month days 30 or 31 or 26 & thus formula for calculating overtime would be as follows --
(Gross salary or wages/30 or 31 or 26)/8*No. of hours worked in excess of regular working hours
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India