also prashant, it appears from your calculation that no one exceeds rs 3500 regardless of his wage - is there a yardstick for this? i have been paying as per whatever the wage is (even though bonus is not applicable to us being a charitable organisation not for profit).
will be grateful if you let me know the details - as we still might give ex gratia if they work properly.
From India, Jaipur
will be grateful if you let me know the details - as we still might give ex gratia if they work properly.
From India, Jaipur
Dear Ganesh,
you absolutely correct, we can fallow Prashanth, format but Mr. Ganesh's Calculations are correct, because last year we calculate same thing for 250 employees,
Regards-Prasad,
9008744009
From India, Bangalore
you absolutely correct, we can fallow Prashanth, format but Mr. Ganesh's Calculations are correct, because last year we calculate same thing for 250 employees,
Regards-Prasad,
9008744009
From India, Bangalore
Dear Mr. Davinder,
your calculation is right, but you should take up to 3500 that is the maximum amount sealing as per bonus act, (new amendment i have no idea,)
First you have to take Basic & DA 3500 or whichever less, on that we should calculate no. of days presented during the month(Example: [(3500(B&D)/26(T.W.D)*20(P.D.M, Assume)*8.33%] final amount 224 will come.
any clarification call me any time
9008744009
With Regards-Prasad,
From India, Bangalore
your calculation is right, but you should take up to 3500 that is the maximum amount sealing as per bonus act, (new amendment i have no idea,)
First you have to take Basic & DA 3500 or whichever less, on that we should calculate no. of days presented during the month(Example: [(3500(B&D)/26(T.W.D)*20(P.D.M, Assume)*8.33%] final amount 224 will come.
any clarification call me any time
9008744009
With Regards-Prasad,
From India, Bangalore
Dear All:
Organization providing two kinds of bonus ( one is Festival Bonus another is Production/Target oriented bonus). Those who are completed one year of service then s/he will be entitled "Festival bonus" is equal of two basic salary for a fiscal year other wise pro-rata festival bonus will be applicable. But this is not applicable for all organization its depend on organization to organization. Some of organization providing Fes. Bonus based on staff service confirmation.
Production/Target Bonus/performances bonus:
There is no rule for that bonus, its depend organization policy and practices but maximum organization are consider staff performances.
From Bangladesh, Dhaka
Organization providing two kinds of bonus ( one is Festival Bonus another is Production/Target oriented bonus). Those who are completed one year of service then s/he will be entitled "Festival bonus" is equal of two basic salary for a fiscal year other wise pro-rata festival bonus will be applicable. But this is not applicable for all organization its depend on organization to organization. Some of organization providing Fes. Bonus based on staff service confirmation.
Production/Target Bonus/performances bonus:
There is no rule for that bonus, its depend organization policy and practices but maximum organization are consider staff performances.
From Bangladesh, Dhaka
Hi, My self prashant pandey, can any one help me in giving a formate of Bonus calcuation ,if it is the part of salary break up . Its urgent ,plz help .
From India, Delhi
From India, Delhi
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BONUS PAYMENT SHEET FORMAT.xls