Overtime Setup

 
Welcome to AlignBooks. We are happy to have you on board. In this help studio tutorial, we will explore the HR Payroll – Statutory setup options.
 
Under Overtime Setup you will have Configure the Overtime Components calculation which need to follow for your company can be captured under head Overtime. If you give overtime to your Employees, you can use this feature.
 
Overtime Setup
1

Overtime Applicable

Enable this option 1. Overtime Applicable if you give Overtime to your Employee.
2

Minimum OT Hours

Here specify the Minimum Over Time hours after which the employee will be eligible for receiving the Overtime.
3

Overtime for period

Select the relevant option from the drop down list if the over time will be eligible for EarlyIn (Over time before working hours ) , LateOut (Over time after working hours), Both (Over time for Before and After Working hours) or None.
4

Negative Overtime

Select the relevant option from the drop down list if the over time will be eligible for EarlyOut (Deduction in Over time if left early before working hours) , LateIn (Deduction in Over time if arrived late after working hours), Both (Deduction in Over time if arrived late after or left early before working hours) or None.
5

Working Hour Per Month

Here Specify the Approximate Total working hours in a month for calculation of Overtime.    
6

Round Off Option

Select the relevant option from drop down list if you want to round off the TDS amount to be actual, Lower, Upper or None.
  • Actual : Making the Amount equal to the integer that is closest to the Amount.
  • Lower : Making the Amount equal to the next smaller integer that is larger than the Amount.
  • Upper : Making the Amount equal to the next largest integer that is smaller than the Amount.
  • None : No change in Amount.
 
Click on   to save the information entered in Overtime setup.
 
 
 
Now we will look for Others Setup. Click on “Others” Tab of the panel.