Convert time to HH:MM AM format by jquery

var dt = new Date();   

function settime(dt) {
    var hours = dt.getHours()
    var minutes = dt.getMinutes()
    if (minutes < 10)
    minutes = "0" + minutes
    var suffix = "AM";
    if (hours >= 12) {
    suffix = "PM";
    hours = hours - 12;
    }
    if (hours == 0) {
    hours = 12;
    }
    // set the date back to the current date
    return hours + ":" + minutes + " " + suffix
    }

//call the function
        var time=settime(dt);

//set the time in your text box
        $('#CallTime').val(time);