Dear All.
In FY 2015-16 one of our employee has worked 356 days out of 365 total 9 leave 2 leave in may, 3 leave in july, 1 leave in november, 2 leave in january and 1 leave in march, however our
State minimum wagaes was for the period of APril to september 7134/- and for october to march 2016 was 7460/- employee basic salary is 8000 PM. Please let me know how much bonus will be payable to this employee.
Thanks,
Kankit kumar
From India, Jodhpur
4In FY 2015-16 one of our employee has worked 356 days out of 365 total 9 leave 2 leave in may, 3 leave in july, 1 leave in november, 2 leave in january and 1 leave in march, however our
State minimum wagaes was for the period of APril to september 7134/- and for october to march 2016 was 7460/- employee basic salary is 8000 PM. Please let me know how much bonus will be payable to this employee.
Thanks,
Kankit kumar
From India, Jodhpur
Dear joshi sir. Can you pls bifurcate the calculation that How he is entitled for 7803/- bonus.
From India, Jodhpur
From India, Jodhpur
Dear joshi sir,
Weather bonus will be calculate on
7000 or on state minimum wages or on 8000/-
As per sec 12 bonus will be calculate either
On 7000 ceiling limit or on minimum wages
for scheduled employed whichever is higher hence bonus should be calculate
On state minimum wages which is higher then 7000
Your views pls,
From India, Jodhpur
Weather bonus will be calculate on
7000 or on state minimum wages or on 8000/-
As per sec 12 bonus will be calculate either
On 7000 ceiling limit or on minimum wages
for scheduled employed whichever is higher hence bonus should be calculate
On state minimum wages which is higher then 7000
Your views pls,
From India, Jodhpur
Dear Sandeep Ji Please let us more clear on the concept of bonus calculation ceiling, i.e. Rs. 7000.
From India, Mumbai
From India, Mumbai
Mr. Sandi Joshi is Correct. The salary has to be worked out proportionately and accordingly the Bonus will also reduced based on working days
From India, Mumbai
From India, Mumbai
Dear Sir,
can you guide us bonus calculation for the year 2015-2016, as per new amendment bonus celing is Rs.7000/-
our question is a ) if a person getting Rs.8500 per month then how much amount consider for bonus
b) if a person getting Rs.6500 per month then which amount consider for the purpose of bonus
calculation
minimum wages in our zone for the period
Jan 2015 to June 2015 -- 7988/-.p,m
July 2015 to Dec 2015 -- 8128/-p.m.
Jan 2016 to June 2016 -- 8464/-p.m.
another question is if a person irregular in attendance i.e. every month 2 or 3 days absent. then how to calculate.
From India, Thane
can you guide us bonus calculation for the year 2015-2016, as per new amendment bonus celing is Rs.7000/-
our question is a ) if a person getting Rs.8500 per month then how much amount consider for bonus
b) if a person getting Rs.6500 per month then which amount consider for the purpose of bonus
calculation
minimum wages in our zone for the period
Jan 2015 to June 2015 -- 7988/-.p,m
July 2015 to Dec 2015 -- 8128/-p.m.
Jan 2016 to June 2016 -- 8464/-p.m.
another question is if a person irregular in attendance i.e. every month 2 or 3 days absent. then how to calculate.
From India, Thane
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Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf