Dear all, I am new to this site; I hope I will get lot of knowledge from you all. Please let me know the ceiling limit of Bonus. Happy Dasara / Vijayadashmi.:) Yours, Vidyaranya.
From India, Bangalore
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2From India, Bangalore
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Dear Vidyaranya,
Welcome aboard. The ceiling limit of the bonus is Rs. 10,000. The calculation is as follows: if the basic salary is Rs. 3500 or above, it is calculated as 3500 * Number of months * (8 to 12)%.
In case the basic salary is less than Rs. 3500, for example, Rs. 3400, then the calculation is as follows: 3400 * Number of months * (8 to 12)%.
If you need any clarifications, please revert.
From India, New Delhi
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Welcome aboard. The ceiling limit of the bonus is Rs. 10,000. The calculation is as follows: if the basic salary is Rs. 3500 or above, it is calculated as 3500 * Number of months * (8 to 12)%.
In case the basic salary is less than Rs. 3500, for example, Rs. 3400, then the calculation is as follows: 3400 * Number of months * (8 to 12)%.
If you need any clarifications, please revert.
From India, New Delhi
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Dear Prathima,
Thanks for the valuable information. I think the below-mentioned formula (in Excel sheet) will make it easy to calculate the Bonus: "=IF(basic + DA >= 3500, 3500, IF(Basic + DA <= 3500, (Basic + DA * 8.33%) * No of months)". Please comment.
Regards,
Vidyaranya.
From India, Bangalore
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Thanks for the valuable information. I think the below-mentioned formula (in Excel sheet) will make it easy to calculate the Bonus: "=IF(basic + DA >= 3500, 3500, IF(Basic + DA <= 3500, (Basic + DA * 8.33%) * No of months)". Please comment.
Regards,
Vidyaranya.
From India, Bangalore
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Hi All, I just joined to this valuable forum, I just want to know what is the Process and Procedure like formation and Registration of a Company, kinldy help me in this regard. thanks Suresh
From India
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From India
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