OT Pay Formula:
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OT Pay calculation determines the additional compensation employees receive for working beyond their regular hours, calculated at 1.5 times their hourly basic rate in Singapore.
The calculator uses the OT Pay formula:
Where:
Explanation: The formula calculates the additional pay employees are entitled to for overtime work according to Singapore's employment regulations.
Details: Accurate OT calculation ensures compliance with Singapore's Employment Act, proper employee compensation, and helps employers manage labor costs effectively.
Tips: Enter hourly basic rate in SGD/hour and OT hours in hours. Both values must be positive numbers.
Q1: What is the standard OT rate in Singapore?
A: The standard overtime rate in Singapore is 1.5 times the hourly basic rate of pay.
Q2: Are all employees entitled to OT pay?
A: Most employees covered under the Employment Act are entitled to OT pay, though some exceptions apply for specific job categories.
Q3: How is hourly basic rate calculated from monthly salary?
A: Hourly rate = (Monthly salary × 12) / (52 weeks × number of working hours per week).
Q4: Is there a maximum limit for OT hours?
A: Yes, the maximum OT hours are 72 hours per month under Singapore's Employment Act.
Q5: Does OT calculation include rest days and public holidays?
A: Different rates apply for work on rest days and public holidays, which are calculated separately from regular OT.