Bonus
This query is : Resolved
09 January 2014
Dear Friends,
Can you tell us that how to calculate bonus and what should be applicable.
Example:-
Basic salary is 7500/-
Net Salary is 15000/-
then what should be bonus and how to calculate.....
Can you tell us that how to calculate bonus and what should be applicable.
Example:-
Basic salary is 7500/-
Net Salary is 15000/-
then what should be bonus and how to calculate.....
14 January 2014
Eligibility of Bonus
*********************
An employee will be entitled only when he has worked for 30 working days in that year. {Section 8}
Payment of Minimum Bonus
************************
8.33% of the salary or Rs.100 (on completion of 5 years after 1st Accounting year even if there is no profit) {Section 10}
Eligible Employees
******************
Employees drawing wages upto Rs.10000.00 per month or less.
For calculation purposes Rs.3500.00 per month maximum will be taken even if an employee is drawing upto Rs.10000 per month. {Section 12}
Time Limit for Payment of Bonus
*******************************
Within 8 months from the close of accounting year {Section 19}
*********************
An employee will be entitled only when he has worked for 30 working days in that year. {Section 8}
Payment of Minimum Bonus
************************
8.33% of the salary or Rs.100 (on completion of 5 years after 1st Accounting year even if there is no profit) {Section 10}
Eligible Employees
******************
Employees drawing wages upto Rs.10000.00 per month or less.
For calculation purposes Rs.3500.00 per month maximum will be taken even if an employee is drawing upto Rs.10000 per month. {Section 12}
Time Limit for Payment of Bonus
*******************************
Within 8 months from the close of accounting year {Section 19}
Message likes :
1 times
14 January 2014
THANKU SO MUCH.........
15 January 2014
WELCOME TRIPATHI JI
REGARDS,
REGARDS,
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