From which financial year the bonus of 10000/- limit is applicable? What all includes in 10000/-, basic, DA or any other allowance? what's the maximum ceiling, 3500 or 6500?. To eligible for bonus, what is the minimum period of working in a financial year is required? If any employee's wages raises above 10000/- in between the financial year, to which limit he is entited for bonus?
Please clarify the doubts.
From India, New Delhi
Please clarify the doubts.
From India, New Delhi
Maximum bonus allowed = Maximum Calucation on Rs. 35000/month ( Jan +FEB+March+Apr+May+June+Jul+Aug+Sept+Oct+Nov+Dec)/12*20
Though the salary /wages( Basic +DA+VDA( if any ) ) increase more than Rs.10000 then not applicable for Bonus.
In case of any query please call Prashant -9850401160
Seniors please advice if I am wrong.
Prashant
9850401160
From India, Pune
46Though the salary /wages( Basic +DA+VDA( if any ) ) increase more than Rs.10000 then not applicable for Bonus.
In case of any query please call Prashant -9850401160
Seniors please advice if I am wrong.
Prashant
9850401160
From India, Pune
Dear,
To eligible for bonus an employee has to work minimum 30 days in a year and for salary if any persons salary is 10000/- (Basic+DA+VDA) then he is eligible for bonus but calculation will be done on 3500/-.
Thanks,
(Sahil)
From India, Delhi
To eligible for bonus an employee has to work minimum 30 days in a year and for salary if any persons salary is 10000/- (Basic+DA+VDA) then he is eligible for bonus but calculation will be done on 3500/-.
Thanks,
(Sahil)
From India, Delhi
It is applicable w.e.f. fy 07-08. To be eligible for bonus an employee has to work minimum 30 days in a year and for salary if any person's salary is 10000/- (Basic+DA+VDA)p.m then he is eligible for bonus but calculation will be done on 3500/-. If the salary gets hiked within a FY, then he/she will be paid bonus till the time his/her salary was less than 10,000/-
Regards
Govil
From India, Delhi
Regards
Govil
From India, Delhi
Maximum Calucation on Rs. 35000/month ( Jan +FEB+March+Apr+May+June+Jul+Aug+Sept+Oct+Nov+Dec)/12*20
Dear Prashant pls let me know what is 20 in calculation in Bonus.
i will be greatful if you tell me.
From India, Gurgaon
Dear Prashant pls let me know what is 20 in calculation in Bonus.
i will be greatful if you tell me.
From India, Gurgaon
Dear Prashant
You have got your 'calculations' wrong. (although I understand you are trying to calculate the max. bonus payable i.e. @ 20%).
Please cross-check and resubmit for everyone's benefit.
Incidentally when you multiply 8.33 (the statutory minimum bonus payable) with 12 (months) you get 100 (%).
Regards.
From India, Delhi
You have got your 'calculations' wrong. (although I understand you are trying to calculate the max. bonus payable i.e. @ 20%).
Please cross-check and resubmit for everyone's benefit.
Incidentally when you multiply 8.33 (the statutory minimum bonus payable) with 12 (months) you get 100 (%).
Regards.
From India, Delhi
dear
bonus is calculated on financial year basis not ob calender year basis.for calculaion you can search,www.citehr/173686-bonus-act.html
i have explained in this thread how to calculate it.
regards
js malik
From India, Delhi
bonus is calculated on financial year basis not ob calender year basis.for calculaion you can search,www.citehr/173686-bonus-act.html
i have explained in this thread how to calculate it.
regards
js malik
From India, Delhi
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