How to Calculate Salary Benefits for OT Hours with a different Rate other than 1 (like 1.5 Multipli
Hi All,
We have a scenario as Explained below:
Employee Salary per month(240 Hours per month):
Basic: 4800
HRA: 2400
Food Allowance:500
Fuel Allowance:500
OT pay is 1.5 Multiplier
Now Employee worked as below:
Normal Pay 240 Hours (One month Pay)
OT Pay 20 Hours
Now when Employee salary is calculated his HRA should be calculated for OT hours also with a Pay rate of 1.5. What setup should be done to achieve this Scenario.
Basic: 4800
OT: (4800/240)*1.5*20=600
HRA: 2400 (Normal Pay)+ (2400/240)*20*1.5=2400+300=2700
Please suggest.