Respected all,
we are going to culculate bonus, I would like to know maximum wages limit to culculate bonus. somebody are saying me that monthly wages should not be more than 3500 Rs. for the culculate bonus.
and we also want to know if I give bonus to worker more than 8.33% then on those exceed % will be exempted from tax or not.
if I am right minimum bonus % is 8.33% of Basic salay+ DA (but salary should not be more than 3500 Rs.)
and Maximum bonus % is 20% of Basic salay+ DA (but salary should not be more than 3500 Rs.)
Plz guide me. this is frist time I am going to culculate bonus.
regards,
we are going to culculate bonus, I would like to know maximum wages limit to culculate bonus. somebody are saying me that monthly wages should not be more than 3500 Rs. for the culculate bonus.
and we also want to know if I give bonus to worker more than 8.33% then on those exceed % will be exempted from tax or not.
if I am right minimum bonus % is 8.33% of Basic salay+ DA (but salary should not be more than 3500 Rs.)
and Maximum bonus % is 20% of Basic salay+ DA (but salary should not be more than 3500 Rs.)
Plz guide me. this is frist time I am going to culculate bonus.
regards,