Bonus Calculation - DOC Download - Leave Encashment - CiteHR
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Hi
I m working in a where no proper HR dept i m the only HR person and i m also fresher and my company giving bonus first time to their emplyees so that i have some confusion regarding the calculation of Bonus can anyboay help me to solve my problems:

I hereby elaborate the difficulties; I have faced in this respect:
1. Is the earned salary (basic + DA) per month or total basic salary + DA per month will compare with Rs.3500/- for taking as a base for calculate earned salary per month for the bonus. (For example: If a person’s basic salary + DA in a month is Rs 5000/- and his earned salary for that month is Rs.3400/-. Then for that month which amount - i.e. Rs. 5000/-, Rs. 3400/-or Rs 3500/- we have to consider as a base salary to calculate earned salary).
2. If the basic salary + DA will compare with 3500/- to consider as a base salary for the calculation of earned salary, can the calculated earned salary per month be more than 3500/-. ( for example : If a Person’s basic salary + DA in a month is Rs 3450/-and he worked for 27 days ( due to also worked on his allowed w/off) in month instead of his 26 working days ( after deducting weekly offs) in that month. In this case his earned salary for that month is 3450/26*27= 3582/-. Than for that month which amount we have to consider for the calculation of bonus - i.e. Rs 3582/- or Rs 3500/-).
3. In bonus calculation which days we consider as total working days either total days of the month (for example for April - 30 days, for May – 31 days) or total days of the month after deduct allowed weekly off (for example for April - 30 days less 4 weekly off being 4 Sundays, for May – 31 days less 5 weekly off, being 5 Sundays) or days for which he worked including Leaves with wages.
4. In respect of above 3rd point total working days for staff members and workers will be same or not.
5. As it has been comes to my notice that there is requirement to maintain A, B, C registers for bonus calculation. Is there any register named ‘D’, if yes what is the format & filing procedure for same. Except bonus i have one more query regarding Leave encashment That Leave encashment is done on basic Salary or Gross Salary(Basic+Allowances+PF)

Dear Ishita,
As per minimum bonus act the amount which is to be paid to an employee is 8.33% of the total salary earned during 1 year(Apr-Mar) of his service.
Eg:
Bonus=Total amount of salary earned in the service of 1 year*8.33%
PFA for more details which I have got from web
As per Max Bonus Act
Bonus=Total amount of salary earned in the service of 1 year *20%(max)


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File Type: doc Payment Bonus Act.doc (234.5 KB, 1961 views)

hi Ishita
as per view ur question , ans of ur Q No 1, BONUS CALCULATE EARNING SALARY Rs 3400,
2 BONUS CALCULATE ON 3500
3 ANNUAL WORKING DAYS (360/30)
4 same
5 leave in cashment on basic salary
no idea about register
for more information call 09888280149
with best regards
RAJVIR SINGH

Too Confuse As nobody knows clearly that If Employye has not work for complete 1 year then how his Bonus to be calculated?
If you are able to ask the questions in a better understandable way, you can get the best inputs. Before you ask, please be clear about what you exactly want.Asking question is really difficult. Get some assistance and re-post your questions.
Dear Ishita
Please search CiteHR for previous threads/discussion on Bonus.
I am sure most of your problems will be solved after studying them.
In case you stil have some specific queries, please revert back.
Be cool and patient. The issue is not a big deal, which would be incomprehensible for a dedicated, sharp individual like you.
Warm regards.

Daer All, i want to know how to calculated Surplus Profit and whats it process and formula, how to fill Form A
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