Bonus calculations
This query is : Resolved
25 October 2013
Is Salary Rs.25000/- P.M. allowable for bonus?
If yes, how to calculate.
If no, then conditions?
If yes, how to calculate.
If no, then conditions?
28 October 2013
Bonus is usually given as 1 month salary. Some firms may even pay 2 months salary as bonus.
28 October 2013
As per Bonus Act,
Eligibility of Bonus :
Employees drawing wages upto Rs.10000/- per month or less,
An employee will be entitled only when he has worked for 30 working days in that year. Sec. 8
Eligibility of Bonus :
Employees drawing wages upto Rs.10000/- per month or less,
An employee will be entitled only when he has worked for 30 working days in that year. Sec. 8
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