Bonus Calculation - Da Calculation

Sarikajaanu

Hi Friends,
I have some knowledge about bonus calculation, we take Basic+Da(from april,07 till april,08) *8.33% and do we also have to take their number of years into consideration for bonus calculation or only the BP + DA. I have another doubt, does the bonus calculation is based on the profit. Do every company follow the same policy of the calculation.
Thank You,
Jaanu

Nitin4hr

AS per Payment of Bonus Act 8.33% is the mininmum bonus payable to those employees coming under the wage ceiling fixed by the act.
Profit making companies have to pay full bonus i.e. 20% of Basic salary.
There are many provisions regarding the same you should refer Payment of Bonus Act.
regards,
Nitin.

vikasmahala

My salary is
Basic-3477.5,
Conveyence-1738.75,
H.R.A-1738.75 for a month.
What will be my bonus for a month?

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