dear sir i want to know how to calculate bonus . just i have calculated bonus on present days like if an employee's total attendance is 15 days in a month then he has earned 146 ( 292*12=3500 rs)rupees as per rule of 3500 rs in the financial year. is it correct ?
From India, Madurai
From India, Madurai
Bonus calculate on the earning of every month basic wage, min 8.33% and maximum 20% . Note: it will calculate on actual basic earning
From India, Noida
9From India, Noida
Dear Pramod,
1st of all if that employee has worked only for 15 days in that year then he is not eligible for Bonus.
If you are asking from calculation point of view then calculation will be as under.
Bonus will be calculated on the Basic Wages subject to the Ceiling Rs. 10000/- ( Only those employees are eligible for bonus whose basic is less than or equal to 10000/-
If in your case an employee getting Rs. 6500/- as basic wages then Rs. 3500/- will be considered to calculate the Bonus.
As you are saying that he worked for 15 Days in a month then his Bonus would be calculated as under :
Basic Calculation : - Ceiling Rs. 3500/ 26 * 15 = 2019
Bonus : 2019 * 8.33% = 168/-
Rgds/Jitender
From India, New Delhi
1st of all if that employee has worked only for 15 days in that year then he is not eligible for Bonus.
If you are asking from calculation point of view then calculation will be as under.
Bonus will be calculated on the Basic Wages subject to the Ceiling Rs. 10000/- ( Only those employees are eligible for bonus whose basic is less than or equal to 10000/-
If in your case an employee getting Rs. 6500/- as basic wages then Rs. 3500/- will be considered to calculate the Bonus.
As you are saying that he worked for 15 Days in a month then his Bonus would be calculated as under :
Basic Calculation : - Ceiling Rs. 3500/ 26 * 15 = 2019
Bonus : 2019 * 8.33% = 168/-
Rgds/Jitender
From India, New Delhi
Sir , If calculating 3 month bonus then how can calculate and for get bonus how many days work will have to do Regards Cp Singh
From India, Noida
From India, Noida
To calculate the bonus for three month, sum up three months basic earning (As per ceiling i.e. 3500/- in your case) and multiply it by 8.33%.
From India, New Delhi
From India, New Delhi
Well, Bonus depends on every aspects... in accordance to your own company's rule with respect to your government.
here in Six Eleven Global Services, we all have these aspects...
Even the Attendance Bonus
From Philippines
here in Six Eleven Global Services, we all have these aspects...
Even the Attendance Bonus
From Philippines
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc