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Hi Everyone,
Please suggest on the industry (BPO) practices of bonus percentage which is given yearly.
The Bonus Act says 8.33% of annual Basic+DA. But would like to know best industry practices.
Please note that I am not mentioning about retention bonus/Variable pay. I am mentioning about mandatory bonus as per bonus act.
Thanks,
Pranathi

Hi Pranathi, Just take month wise Basic + D.A then calculate total amount then calculate 8.33% Regards Kabali.R
Minimum Bonus amount is 3500 or 8.33% Maximum Bonus amount is 10000 or 20% More than 20% is called Exgratia Regards Kabali.R
Hi Kabali, Yes. This has been our company’s practice from years. My query was about best practices in the industry. How much % paid by other BPOs? Thanks, Pranathi
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