Employee Bonus Calculation for Unpaid Leave
An employee has a gross salary, excluding HRA, of 10,000. He is eligible for a bonus as follows:
Apr18 May18 Jun18 Jul18 Aug18 Sept18 Oct18 Nov18 Dec18 Jan19 Feb19 Mar19 Total Bonus FY18-19
7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 84000 84000*8.33% = 6997
Here, the bonus per month is calculated as 7000*8.33% = 583. Suppose he was on 15 days of unpaid leave in Nov.18. Therefore, his gross salary in Nov.18 is calculated as 10000*15/30 = 5000.
Now, for the 15 days of Nov.18, he will receive a bonus from the following options:
Option A: 5000*8.33% = 416
Or
Option B: 583*15/30 = 292
Kindly suggest the answer.
An employee has a gross salary, excluding HRA, of 10,000. He is eligible for a bonus as follows:
Apr18 May18 Jun18 Jul18 Aug18 Sept18 Oct18 Nov18 Dec18 Jan19 Feb19 Mar19 Total Bonus FY18-19
7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 84000 84000*8.33% = 6997
Here, the bonus per month is calculated as 7000*8.33% = 583. Suppose he was on 15 days of unpaid leave in Nov.18. Therefore, his gross salary in Nov.18 is calculated as 10000*15/30 = 5000.
Now, for the 15 days of Nov.18, he will receive a bonus from the following options:
Option A: 5000*8.33% = 416
Or
Option B: 583*15/30 = 292
Kindly suggest the answer.