Home Payroll Payroll Vocuhers How to calculate Overtime Allowance based on Per Hour of Basic Pay (or Basic Pay and DA) in Tally ERP 9?
Similarly, create DA Pay Head if required.
Create the OT Allowance Pay Head as per the details shown in the screenshot.
Note: If DA is not applicable then the OT Allowance formula will have only Basic Pay component for the computation of OT.
Note: In this case study 8 Hours is considered as working hours. In other cases the following table can be used to compute the Per Hour OT amount.