Re: calclation of bonus-urgent reply
Dear Gurav
Please be guide by the below for payment of Bonus
Two issues are to be considered;
Saalary Eligibility for bonus: is less than 10000 i.e u r eligible for bonus if u r salary is les that r 10,000 as per the Act
Bonus calculation: Bonus shall be calculated on Rs 3500 if u r salary is more than rs 3500. Pls see the example for more calarity.
Bonus Calculation
Case A: Monthly wages greater than Rs 3500/-
Gross Monthly Wages of Workmen “A”
=
Rs 5190
Bonus Payable Wages of Workmen “A”
=
Rs 3500
Bonus Payable @ existing rate assuming that the workman comes regularly
=
Rs3500*Bonus rate*12 months
Case B: Gross Monthly wages less than Rs 3500/-
Gross Monthly Wages of Workmen “B”
=
Rs 3120
Bonus Payable Wages of Workmen “B”
=
Rs 3120
Bonus Payable @ existing rate assuming that the workman comes regularly every month
=
Rs3120* Bonus rate *12 months
pls click below
more at
https://www.citehr.com/124677-calcla...#ixzz0lvRz8Xku