Overtime Calculator

Steps: 1. Enter your Salary, 2. Enter Overtime Hours, 3. Click button Calculate Overtime.

Enter Salary  
Enter Overtime Hours (Normal Days)  
Enter Overtime Hours (Weekends)  
Enter Overtime Hours (Public Holidays)  
 


One Hour Overtime Rate Calculations Formula used in above calculator:

One hour Overtime rate is calculated based on a major parameter: How to divide salary? As per current rule, there are 8 work hours for most of the most businesses and we use 365 days method to calculate in above overtime calculator.

One Hour OT Rate = ((Salary * 12) / 365) / 8

Description: Monthly Basic Salary multiplied by 12 months, divided by 365 days a year, divided by 8 hours.
Method 2 is absolutely perfect, however Method 1 is popular and in use widely.
Overtime payment compensation is different for Normal days as compare to working on Fridays or other public holidays.

Calculations for Normal Days Overtime Payment:

OT Payment = (One Hour OT Rate * 1.25) * Total OT Hours.

Example: [((Salary * 12) / 365) / 8) * 1.25] * OT Hours.

Calculations for Weekend Overtime Payment:

OT Payment = (One Hour OT Rate * 1.5) * Total OT Hours.

Example: [((Salary * 12) / 365) / 8) * 1.5] * OT Hours.

Calculations for Public Holidays Overtime Payment:

OT Payment = (One Hour OT Rate * 2.5) * Total OT Hours.

Example: [((Salary * 12) / 365) / 8) * 2.5] * OT Hours.

Do you want to calculate Overtime based on 30 days formula?

Use this 30 days overtime calculation formula.

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