we are paying bonus on 3500(limit as per act)*8.33%=291.55, formula.
suppose i have three eligible employees for bonus.
\"A\" present days 26*200.10=5203 & hence gets 3500*8.33%=292/pm.
\"B\" present days 20*200.10=4002, hence get 3500*8.33%=292
\"C\" present days 10*200.10=2001*8.33%167.
my query: is above calculation right or needs any change in this?
suppose i have three eligible employees for bonus.
\"A\" present days 26*200.10=5203 & hence gets 3500*8.33%=292/pm.
\"B\" present days 20*200.10=4002, hence get 3500*8.33%=292
\"C\" present days 10*200.10=2001*8.33%167.
my query: is above calculation right or needs any change in this?