Bonus Calculation - Salary Caluculation [Thread 540560] - CiteHR
Saswatabanerjee
Partner - Risk Management
Harishattri
Salaried
+2 Others

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My monthly basic salary is Rs. 11,950/ pm. I am working here since last 5 years. Please tell, what is the annual bonus amount.
Dear,
As per legal calculation it would be minimum 8.33% which is rs. 3500/- & maximum 20% which is rs. 8400/-. if you have all payable days in particular financial year. then you are eligible for mentioned amount.
Thanks
Sandeep Sharma

Since your Salary is above ₹10,000 per month, you are not eligible for bonus under the payment of bonus act.
Mr Sandeep He is not eligible for statutory bonus as per Payment of Bonus Act.Please read sec 2(13)( ,definition of employee,) of the Act.
Dear If you got bonus in old financial (2013-14) year even your basic salary is above 10,000/- . then you are eligible for bonus in this financial year (2014-15) as well. Thanks Sandeep
BONUS CALCULATIONS BASIC +DA*12*8.33% CILING LIMIT 8.33% TO 20% BASIC + DA CELING LIMIT 3500 TO 10000 REGARDS RAVI
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