Manojkamble
Sr. Hr Executive
Srinath Sai Ram
Hr Manager
Samuel R
Digital Marketing
Shefali Chauhan
Hr Executive
+2 Others

#Anonymous

Dear All,
please any one let me now how to calculate bonus for F.Y 2017-18?
is there any changes in minimum bonus act??
In my company we are giving 1 month salary i.e 8.33% as a bonus to all employee. is it correct or what?
Regards,
Mittal Jain
23rd June 2017 From India, Jaipur
You will be able to calculate bonus only after finalisation of books of accounts & have earned profit. Hence you will be able to calculate bonus will be in or after April 2018. The quantum of total bonus amount will be known by using Register A & B specified in the act. Subject to provision of law, minimum quantum of bonus is 8.33%, there is no minimum bonus act.
23rd June 2017 From India, Mumbai
To continue.... The bonus will have to be paid within 8 months of close of books of accounts, by December 2018
23rd June 2017 From India, Mumbai
Dear Mittal, As per bonus act you need to pay minimum 8.33% or minimum wages applicable to your state whichever is higher.
24th June 2017
Minimum % of Bonus @8.33%
Maximum % of Bonus @20%
Salary Definition-Minimum Wages applicable to the Employee or Rs7,000 whichever is higher
Financial Year 2017-18 (April to March)
Payable on or before 30th November, 2018
25th June 2017 From India, New Delhi
minimum wages or salary to the employees which part of salary we take , basic or gross
25th June 2017 From India, Pilkhuwa
Hi,
I am attaching a link which will guide you on your issues related to bonus. https://www.stacowiki.in/en/acts/st-...bonus-act1965/ Hope this helps!
30th June 2017 From India, Bengaluru
Hi,
Does employees of Sugar industry come under scheduled employment in any state? Kindly clarify.
26th April 2018 From India, Patna
Dear Sir/Mam,
I recd my Bonus of rs. 8080/- for f.y. 2017-18 from my company as my From April 17 & May 17 my Basic is 7775/- and Conveyance is 1600/- and after that from June 17 to March 18 my Basic is 9275/- and Conveyance is 1600/-.
Can anybody guide me how company calculate the Bonus.
4th October 2018 From India, Varanasi
It might be calculated on the basis of Minimum Wages prevailing in your area or additionally paid due to exgratia!
5th October 2018 From India, Hyderabad
Can i have the format to calculate bonus for the FY 17-18 for Employees working in Delhi .
26th October 2018 From India, Delhi
Dear Chawlanaveen,
Pls read the below link, wherein I have attached Bonus Calculation sheet.
https://www.citehr.com/587058-excel-...ml#post2368225
We need to consider Basic+DA for calculating the Bonus.
Hope this will serve your purpose.
26th October 2018 From India, Delhi
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