Calculate your hourly wage rate and overtime earnings based on monthly CTC, standard working hours, and Section 59 double rate provisions of the Indian Factories Act.
Standard Hourly Rate = Monthly Basic Gross / (Working Days × Daily Hours). Overtime Pay = Overtime Hours × (Hourly Rate × Multiplier).
Hourly\_Rate = \frac{Gross\_Salary}{Days \times Hours}, \quad OT\_Pay = OT\_Hours \times (2.0 \times Hourly\_Rate)Monthly Gross: ₹45,000 | 26 Working Days | 8 Hours/Day | 18 Overtime Hours | 2x Multiplier
Under Section 59 of the Factories Act 1948, where a worker works in a factory for more than 9 hours in any day or for more than 48 hours in any week, they are entitled to wages at the rate of twice their ordinary rate of wages (2.0x multiplier).
Ordinary rate of wages includes basic salary plus dearness allowances (DA) and cash value of food concessions, excluding bonus.
The statutory multiplier for factory and manufacturing workers under the Factories Act is 2.0x (double rate). Corporate or IT firms typically offer 1.0x to 1.5x based on their internal employment contracts.
Divide your monthly gross salary by the total standard working hours in the month (e.g. 26 working days × 8 hours = 208 hours).