Shivaji2
1

Can any share Bonus Calculation with example
From India, Pune
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Nanu1953
Ceo-usd Hr Solutions
Shivaji2
Head-hr,

nanu1953
297

Bonus calculation starts with Available surplus from audited Balance sheet/PL Account. It is done by accounts department. Then there is allocable surplus which is certain % of available surplus. Then for organizations who are already paying bonus will consider Set on & Set off to arrive at final % of bonus.

Now for the employees the calculation will be on the basis of 7000/- or minimum wages which ever is higher and actual number of days present without LWP subject to minimum 30 days present with pay in the year.

Please go through the Bonus Act and at schedule you will find the example of set on & set off and others.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531

USD HR Solutions – To Strive towards excellence with effort and integrity

From India, New Delhi

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2023 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server