How to Compute Overtime Pay on Legal / Regular Holiday !
Assumed Employee Daily Basic Rate is 600 pesos and rendered Overtime for 3 hours on a Legal / Regular Holiday.
Computation will be :
Basic Pay 600.00
Premium Pay - Legal Holiday 600.00
Overtime Pay - Legal Holiday 585.00
Total Daily Pay 1,785.00
** Overtime Computation is 600 / 8 * 3 * 260% = 585 pesos
** The 260% is the Minimum Requirement of Labor Law for Overtime Rate on Legal Holiday.
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