Bonus Calculation - Doc Download

Thanks for reply....
further to this i wanted to ask,we can pay the bonus b/w 8.33% to 20% as per companys profitability,but how exactly percentage of bonus is corelated to profitability i.e. at which amount of company profit we can decide the 15% bonus.
Regards
Minakshi

Dear Minakshi
If your company does not have any allocable surplus then your company must pay atleast 8.33% of Bonus. The Auditing might have completed for the FY 2011-12 and the profit and allocable surplus might have been declared. If you ask your auditing team, they will guide you on the percentage of Bonus can be paid. Please do put up the same to your management and get it approved and start preparing the Form C (Bonus Register) and Bonus Voucher. Pay the Bonus before 30 Nov 2012, so that you can avoid unwanted legal problems.

Dear Friends,
Some of the clarifications and checklist on Payment Of Bonus Act. May by useful for HR faternity.
SEE THE ATTACHMENT
Regards,
PBS KUMAR