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Bonus calculationDear all i have a query about bonus calculation. if any employees' fixed basic is rs. 5000/ per month. then i have calculated like below : month fixed basic attendance basic as per attendance basic for bonus bonus 8.33 may 5000 26 5000 3500 292 june 5000 15 2885 2885 240 but some company is calculating bonus in june month condition: bonus > july > 3500/26 x 15 attendance 2019 8.33 168 which one is the correct calculation for june month bonus. Attendance bonus - planing to prepare a payment grid for bonus payoutCan some one please help me with attendance bonus.i am planing to prepare a payment grid for bonus payout which is like: sl.no criterialeaves/quarter bonus percentage no leaves taken during workweek i.e. from monday to saturday in a quarter. 100 of attendance bonus up to 2 leaves 70 of attendance bonus 3 leaves 50 of attendance bonus more than 3 leaves 0 of attendance bonus for any unplanned and unauthorised leave in a quarter not eligible for that quarter. please see if this can be implemented or if anyone has a better plan for this. Regarding attendance bonusDear all please help me out regarding attendance bonus in my knowledge attendance bonus can be availed only if employee has 100 attendance in a month but what if employee has taken a leave from his paid leaves thanx & regards smita BonusDear we were to 8.33 of rs 3500 or less and da. it is that we have made we had to on rs2500/ of rs3500/ . now we have 3500/ to more than 3500 to 10000/ per us that we are 3500/ is or we it is we have paid by at 3500/ of 2500/ we have to any this Bonus = (minwage + vda )8.33/100*12 is this formula is correct?Our company is an electronic manufacturing unit in palakkad kerala. today i heard from district labour officer that bonus to be calculated based on minimum wages. i would like to know what is the new minimum wages for employees in our industry unskilled labour. for minimum bonus calculation bonus minwage vda 8.33/10012 is this formula is correct kindly confirm. Bonus calculation based on minimum wages of which city?Respected sirs i have few queries in respect of bonus calculation : 1 the minimum wages rate will be application for calculating bonus will be a the city in which the employee is working or b the city where the head office of the company 2 as per new amendment the maximum limit of bonus is rs 20000/ and minimum is rs. 7500/ what does it means this limit considered to wages consideration. regards yogesh