Dear All,
I would like to know bonus calculation will be on monthly attendance( we will reduce salary (3500Rs-/) accordingly on attendance basis per month or we will calculate bonus on standard 3500Rs
From India, Indore
I would like to know bonus calculation will be on monthly attendance( we will reduce salary (3500Rs-/) accordingly on attendance basis per month or we will calculate bonus on standard 3500Rs
From India, Indore
Hi,
Pl note the following,
1. The employee who is getting wages upto Rs. 10000/- pm is eligible for Bonus, above 10000/-, will not be eligible.
2. He must have worked at least 30 days in a year (for Bonus- Financial year- Apr to Mar)
3. Rs. 3500 is the maximum wage limit for Bonus calculation, whatever employee earns more than Rs. 3500 will not be considered for Bonus.
whatever employee earns less than Rs. 3500 will be considered at actual.
4. While calculating the Bonus, take the total of earned wages at actual (if less than Rs. 3500) or max Rs. 3500 for all the months for which
he has worked.
eg. if employee earned Rs. 3200/pm in every month then Rs. 3200/- x nos. of months x % of declared bonus.
eg. if employee earned Rs. 5200/pm in every month then Rs. 3500/- x nos. of months x % of declarred bonus.
5. Minimum bonus amount should not be less than Rs. 100/- to the eligible employee.
I hope you got clear idea about Bonus calculation,
For any clarification, pl revert,
Atul S Malve
Manager- HR & Admin
From India, Sholapur
24Pl note the following,
1. The employee who is getting wages upto Rs. 10000/- pm is eligible for Bonus, above 10000/-, will not be eligible.
2. He must have worked at least 30 days in a year (for Bonus- Financial year- Apr to Mar)
3. Rs. 3500 is the maximum wage limit for Bonus calculation, whatever employee earns more than Rs. 3500 will not be considered for Bonus.
whatever employee earns less than Rs. 3500 will be considered at actual.
4. While calculating the Bonus, take the total of earned wages at actual (if less than Rs. 3500) or max Rs. 3500 for all the months for which
he has worked.
eg. if employee earned Rs. 3200/pm in every month then Rs. 3200/- x nos. of months x % of declared bonus.
eg. if employee earned Rs. 5200/pm in every month then Rs. 3500/- x nos. of months x % of declarred bonus.
5. Minimum bonus amount should not be less than Rs. 100/- to the eligible employee.
I hope you got clear idea about Bonus calculation,
For any clarification, pl revert,
Atul S Malve
Manager- HR & Admin
From India, Sholapur
Hi,
Bonus has to be calculated on the wages(Basic+DA) earned for each month in a financial year.
Employees whose Basic salary is 3500 to 10000 are become eligible for bonus.
If employee basic salary is less than 3500, then bonus will be calculated on actual value of basic salary.
From India, Bangalore
Bonus has to be calculated on the wages(Basic+DA) earned for each month in a financial year.
Employees whose Basic salary is 3500 to 10000 are become eligible for bonus.
If employee basic salary is less than 3500, then bonus will be calculated on actual value of basic salary.
From India, Bangalore
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Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf