Dear Gopal
Rs. 10,000/- is the celling amount for determining the eligibility of bonus.
a employee who is getting basic+da less than 10,000/- then he will be eligible for bonus.
Now, Rs. 3500/- . This is the amount on which the bonus is calculated. Say if your company is giving minimum bonus means 8.33% then it will be calculated on ((3500/no. of days in month*paid days)*8.33%) per month.
and if bonus it is declared 20%, then ((3500/no. of days in month*paid days)*20%) per month.
The percentage of bonus has to be decided on the set off and set on.
Rupesh Bhatt
Rs. 10,000/- is the celling amount for determining the eligibility of bonus.
a employee who is getting basic+da less than 10,000/- then he will be eligible for bonus.
Now, Rs. 3500/- . This is the amount on which the bonus is calculated. Say if your company is giving minimum bonus means 8.33% then it will be calculated on ((3500/no. of days in month*paid days)*8.33%) per month.
and if bonus it is declared 20%, then ((3500/no. of days in month*paid days)*20%) per month.
The percentage of bonus has to be decided on the set off and set on.
Rupesh Bhatt