shweta_puri
Hi all,
I am facing a problem in calculating the bonus.. I want to know about the employees who are eligible for receiving the bonus. What is the maximum and minimum value of Basic + DA.
Kindly help me in this regard with an example if possible.
Thanks & Regards
Shweta

From India, Pune
shweta_puri
Hi all,
I am facing a problem in calculating the bonus.. I want to know about the employees who are eligible for receiving the bonus. What is the maximum and minimum value of Basic + DA.
Kindly help me in this regard with an example if possible.
Thanks & Regards
Shweta

From India, Pune
karamv
6

Dear, Pls confirm in which state you are working,and like to calculate the bonus. with regards
From India, Jhajjar
rahuls_7979
6

Hi Shweta.
For Bonus calculation Employee has to work minimum 30 days in a year and employee who draws salary upto Rs.10000 is eligible for Bonus. Maximum Bonus is Rs.20% and Minimum Bonus is Rs.8.33%.
But the calculation base is Rs.3500/-
Eqaution: (Basic+DA) * 20% = i.e.Rs.700/-
If employees Basic + DA is Rs.7500, but the computation base will be Rs.3500/-
Thanks & Regards,
Rahul Vaidya

From India, Pune
babanaresh
7

above calculation is correct, and employees getting upto 10,000/- per month are liable to be paid bonus compulsary Regards,
From India, Delhi
karamv
6

Dear
Bonus will be calculated on (Basic+DA) and up to 3500
In any year 30 days require for eligible
suppose company is going under loss than after completing five year this is the statuary liability of the company to give the bonus to their employees
Minimum will be 8.33% and max. 20%

From India, Jhajjar
karamv
6

Dear
Bonus will be calculated on (Basic+DA) and up to 3500
In any year 30 days require for eligible
suppose company is going under loss than after completing five year this is the statuary liability of the company to give the bonus to their employees
Minimum will be 8.33% and max. 20%

From India, Jhajjar
nagarajml.msw
1

dear, minimum bonus is 8.33% n maximum is 20% consider only 3500/ (Basic+DA) sealing limits In any year 30 days require for eligible. total Basic+DA*20% = bonus will come with regards Nagaraj.M.L
From India, Bangalore
shweta_puri
Thanks a lot for answering my query... earlier i was calculating on yearly Basic + DA But now it is clear... Once again thanks a lot!!! regards Shweta
From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.