I am little bit confuse for calculation bonus as per following :
My worker has basic salary earning
April - 5800
May - 5800
June - 5800
July - 4000
August - 5500
Sep - 5800
Oct - 3200
Nov - 2250
Dec - 5800
Jan - 5800
Feb - 5800
Mar - 5800
Total basic earned during year = 61350.00
now I am calculating bouns sheet :
April - 3500
May - 3500
June - 3500
July - 3500
August - 3500
Sep - 3500
Oct - 3200
Nov - 2250
Dec - 3500
Jan - 3500
Feb - 3500
Mar - 3500
Now total basic as per bonus act is = 40450
now bonux is 40450 x 8.33% = 3370.00
actually as per bonus act I have replace each month basic to 3500 if basic is more than 3500.
I show it to my legal consultant, he told it is ok.
But I want to be sure.
can you please sugggest us.
My worker has basic salary earning
April - 5800
May - 5800
June - 5800
July - 4000
August - 5500
Sep - 5800
Oct - 3200
Nov - 2250
Dec - 5800
Jan - 5800
Feb - 5800
Mar - 5800
Total basic earned during year = 61350.00
now I am calculating bouns sheet :
April - 3500
May - 3500
June - 3500
July - 3500
August - 3500
Sep - 3500
Oct - 3200
Nov - 2250
Dec - 3500
Jan - 3500
Feb - 3500
Mar - 3500
Now total basic as per bonus act is = 40450
now bonux is 40450 x 8.33% = 3370.00
actually as per bonus act I have replace each month basic to 3500 if basic is more than 3500.
I show it to my legal consultant, he told it is ok.
But I want to be sure.
can you please sugggest us.