Manager - Employee Relation
Human Resources Director
As per the bonus act first we need to calculate available/Allocable Surplus Based on financial sheet u arived in your concern (from A & fom B)
Available Surplus =Net Profit-Direct/Indirect Tax payable by the employer Tax Payable.
Allocable Surples=60% of Available Surplus,
in case of Forigen Companies its 67% of Available Surples.
For calculating amount of bonus in respect of Accounting Year Allocable Surplus is computed after considering the amount of Set ON & Set OFF from the pervious year
The amount so computed from Allocable Surples is distubruted in proportionate to Wages/Salaries received by them during Accounting Year
mIn:8.33% and Max 20% has to be paid.
Eliglibity:Drawing Salaries from 2500 to 3500, will be paid on the bases of Rs.2500/-
still ur not clear get back to me.
21st September 2006 From Canada, Toronto
13th October 2009 From India, Bangalore