Urgent Help Indeed Regarding Bonus Calculation - CiteHR
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Hello all,
I need to know the calculation of bonus
as per latest amendment..
Assume employee gross salary is 15000/- PM
Pls tell me weather 20000*8.33% 1666/- PM
1666*12 (month) 19992/-
Or 7000/- will be paid to employee
Regard
Sumit jain

Hi,
Bonus salary limit is 21000/-i.e if any one get salary upto 21000/- they are entitle to get bonus.
Bonus is calculated on bonus ceiling rate 7000/- minimum @8.33% i.e 584/-per month or maximum @20%,1400/- per month.
Thanks
Manish

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