OT Pay Formula:
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The OT Pay calculation determines overtime compensation in Singapore Dollars based on the monthly basic rate and overtime hours worked, following Singapore's employment regulations.
The calculator uses the OT Pay formula:
Where:
Explanation: The formula first calculates the hourly rate from the monthly salary, then applies the 1.5x multiplier for overtime hours.
Details: Accurate OT pay calculation ensures compliance with Singapore employment laws and fair compensation for employees working beyond their regular hours.
Tips: Enter monthly basic rate in SGD/month and OT hours worked. All values must be valid (rate > 0, hours > 0).
Q1: Is the 1.5x multiplier standard in Singapore?
A: Yes, according to Singapore's Employment Act, overtime work should be paid at 1.5 times the hourly basic rate.
Q2: What is the standard work week in Singapore?
A: The standard work week is 44 hours as defined in the Employment Act.
Q3: Are there limits on overtime hours?
A: Yes, the maximum overtime limit is 72 hours per month under Singapore law.
Q4: Does this calculation include bonuses or allowances?
A: No, this calculation is based on basic rate only. Additional components may need separate calculation.
Q5: Is this calculation applicable to all employees?
A: This follows the standard calculation for employees covered under Part IV of the Employment Act.