Understanding Bonus Calculation and Payment Requirements - Comprehensive Guide

Hi all,

Kindly let me know what the current minimum and maximum rates of bonus are and how the bonus is calculated.

What is the minimum requirement for the payment of a bonus?

Hi Saraswati,

Please use the search option located at the top of this page, and you will find many threads/discussions along with a calculation sample sheet and complete details on the same. We have already had numerous discussions, but you just need to use the search function or Mr. Google.

Best of luck

Attendance,
basic salary,
An employee came to the factory for the full financial year. They receive a bonus equivalent to one month's salary, based on 26 working days in a month.