Hai,
Dear Mahesh,
The Bonus Amendment Act 2010 enhancing coverage limit to Rs. 15000, payment limit to Rs. 5000 & minimum to 11% are not enhanced yet. As per the existing norms, the ceiling salary limit for bonus payment is Rs. 3500. If he has not full attendance, it can be calculated simply by 3500xbasicdax 8.33%.. He may present any number of days at least min of 10 day's.
Dear Mahesh,
The Bonus Amendment Act 2010 enhancing coverage limit to Rs. 15000, payment limit to Rs. 5000 & minimum to 11% are not enhanced yet. As per the existing norms, the ceiling salary limit for bonus payment is Rs. 3500. If he has not full attendance, it can be calculated simply by 3500xbasicdax 8.33%.. He may present any number of days at least min of 10 day's.