I am having little bit doubt for the line mentioned by you that is"Minimum 8.33%(Rs.3500) and Maximum 20%(Rs.8400).
As it has been mentioned that bonus would be given in that case only when the employee salary is maximum of Rs.10000(Basic+HRA),but the slab would be taken as Rs.3500,means if the salary of the employee is 10000,in that case also his bonus would be calculated on Rs.3500,and minimum bonus would be 8.33% while the maximum would be 20% of Rs.3500.
I need to know what does the meaning of the point"Maximum 20%(Rs.8400),because if the bonus is given 20% then it would be 20% of 3500 that would be 700.
So I do request to all pls clarify this point.
19th October 2011 From India, Hyderabad