You can't decide the % of bonus.It is dependent on figures that appear in company's Form A & Form B. If the org's profit is from service charges then probably it can declare bonus of 8.33%.
From India, Mumbai
264From India, Mumbai
there is 2 conditions for calculation of bonus,
1. 7000
2. minimum wages
i have two questions pertaining to calculation of Bonus.
if minimum wages is more than 7000/-
a. minimum wages to be considered as on which date ? 31st March or what ?
b. average of everymonth's minimum wage to be considered ?
Please advise.
Thanks & Regards
Amit
Vadodara, Gujarat.
From India, Vadodara
1. 7000
2. minimum wages
i have two questions pertaining to calculation of Bonus.
if minimum wages is more than 7000/-
a. minimum wages to be considered as on which date ? 31st March or what ?
b. average of everymonth's minimum wage to be considered ?
Please advise.
Thanks & Regards
Amit
Vadodara, Gujarat.
From India, Vadodara