Employee Payroll CTC to Hourly Cost & Overtime Calculator

Loaded cost (or fully burdened cost) represents the complete financial expenditure an employer incurs to retain an employee beyond base salary, including payroll taxes (FICA), health insurance, retirement contributions, and office infrastructure. It typically adds 20% to 35% above base pay.

Non-exempt employees who work more than 40 hours in a single workweek must receive overtime pay at a rate not less than 1.5 times their regular hourly rate for all hours exceeding 40.

Standard standard calculation: Divide annual gross salary by the total annual working hours (typically 52 weeks × 40 hours = 2,080 hours).

Cost to Company (CTC) is the total amount the employer spends. Take-home pay is the net amount deposited in the employee's bank account after deducting taxes (TDS/income tax), provident fund (PF), and insurance.

Double-time pay typically applies for hours worked beyond 12 hours in a single workday or on statutory public holidays, as mandated by specific regional labor laws.