Bonus calculation - calculated on actual no. of working days or including CL, EL, Sl - CiteHR
Tsampath
Payroll & Statutory Compliance
Madhubabu51
Executive Accounts
+1 Other

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Dear All,
Please give me a clarification for Bonus Calculation, it should be calculated on actual no. of working days or including CL, EL, Sl.
Kindly give a brief description on this please.
With Regards,
A.Madhu Babu

Only LOSS of pay days should be deducted per month for Calculation of Bonus. Rest every day need to be considered for the calculation of bonus.
The paid basic & DA will have to be considered for calculating statutory bonus. That means leave is included.
As you are aware the revised bonus basic ( basic & DA) is Rs.21000/- and the revised minimum bonus has been increased from Rs.3500/- to 7000/-.
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.
Example:
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/-.

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