Bonus Calculation [Thread 337148]

prameela.nayak
Hi, I want to know how to calculate bonus. what are the limitations for bonus and what are the criteria for the bonus calculation.
please reply me
prameela
Vishnu_remidi
Hi,
You can pay 8.33% of gross as Bonus for the year (or) Fixed one month salary for the year.
Regards.
Vishnu
mahesh s patil
Hi,
its
12 months Basic&DA of Accounting year *8.33% to 20%.
Ex: 48000*10% = 4800/-
Min 8% and Max 20%.
kvr2009
Hi,
Assuming that you mean monthly paid employees then those who are in receipt of less than Rs.10000 as salary and have worked for at least 30 days are eligible to get bonus. Bonus is paid as a percentage of total salary drawn during the year.
But do not forget while computing total salary drawn during that financial year monthly salary will be taken as Rs.3500 for those who are receiving salary above Rs.3500 and below Rs.10000-.
Bonus percentage may be decided in mutual agreement between employees and employer and this also on the basis of availability of allocable surplus as per the register maintained by the employer as per Bonus act.
Regards
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