Prashant B Ingawale
Payroll & Statutory Compliance
4th September 2017 From India, Mumbai
The calculation has to be done on the number of days the employee present. In case an employee has loss of pay in any month, the bonus basic will get reduced accordingly.
Basic & DA in a particular month = Rs.21000/-
Bonus Basic for the month is Rs.7000/-
In case employee has 5 days loss of pay in a particular month in which calender day is 30. Then bonus basic would be =7000/30*25=6250/-.
Otherwise, his bonus basic would be Rs.7000/-.
6th September 2017 From India, Madras