How will the bonus be calculated if the salary of the employee exceeds Rs. 10,000 and there is profit in the company? Kindly suggest the basis that can be used to determine the bonus or profit-linked incentive payable to an employee.
Regards,
Ashutosh
From India, Gurgaon
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1Regards,
Ashutosh
From India, Gurgaon
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Dear Member,
Greetings.
When there is a profit, there is no need to issue a bonus for employees who draw a salary of more than 10K. However, at the discretion of the management, the bonus may be disbursed as ex-gratia.
Cheers,
Trisha
HR Professional
From India, New Delhi
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Greetings.
When there is a profit, there is no need to issue a bonus for employees who draw a salary of more than 10K. However, at the discretion of the management, the bonus may be disbursed as ex-gratia.
Cheers,
Trisha
HR Professional
From India, New Delhi
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Hi, there is no calculation to provide bonus. that things, company can decide how much bonus will be provide. rgds hari
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Dear All Ashutosh reference was on the calculation part applying the ceiling which Trisha has answered well. VS Rajan Associates Chennai
From India, Bangalore
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From India, Bangalore
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Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf