I want to know in the payment of bonus act,1965 that in calculation of bonus whether we take 8.33% of the month salary for the bonus of entire year or 8.33% of the annual salary of the employee according to bonus act.
priyansh agiwal (Student CA Final ) (24 Points)
22 September 2013I want to know in the payment of bonus act,1965 that in calculation of bonus whether we take 8.33% of the month salary for the bonus of entire year or 8.33% of the annual salary of the employee according to bonus act.
Mihir
(Wealth Manager)
(5293 Points)
Replied 23 September 2013
8.33% on Annual.
It comes to around one month salary.