[QUOTE=Heena_Bhola;1691367]
Hi,
Yes, first, your basic salary (basic + DA) must be up to 10000, not more than that to get a bonus. Secondly, you must have worked continuously for 30 days in the accounting year.
Thanks & regards,
Thank you so much for your help. I need one more favor, could you please email me the amendment where it is mentioned that bonus eligibility depends on basic + D.A.? My email address is: chourasiarucha@gmail.com
Thanks & Regards.
From India, Nagpur
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Hi,
Yes, first, your basic salary (basic + DA) must be up to 10000, not more than that to get a bonus. Secondly, you must have worked continuously for 30 days in the accounting year.
Thanks & regards,
Thank you so much for your help. I need one more favor, could you please email me the amendment where it is mentioned that bonus eligibility depends on basic + D.A.? My email address is: chourasiarucha@gmail.com
Thanks & Regards.
From India, Nagpur
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Sir, I am working in NPCIL through a contractor. My work is regular type, and I have been working since 1994. According to the law, how many types of facilities can we get from NPCIL? Presently, we only receive PF and Bonus. Are we eligible for any leave or medical facilities? If I take a day off, the contractor deducts an amount for that day. Our contract is a one-year labor supply contract.
From India, Mumbai
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From India, Mumbai
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if someone getting salary of Rs. 11000 pm. whether he is eligible or not for bonus
From India, Pune
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1From India, Pune
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i want brief informtion on bonus calculation. e.g eligibility, limit, calculation, examples
From India, Pune
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From India, Pune
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If PFable salary is more than 10,000 & but basic amount is less than 10,000/-. what will be the calculation. whether the employee is eligible for bonus or not ?
From India, Vadodara
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From India, Vadodara
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Dear minimum days/ month for bonus for statury bonus and clear formula calculate in months or days basic salary + da (not more than 10,000/-) * number of days / month*8.33 Guleriya
From India, Ghaziabad
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From India, Ghaziabad
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dear all, please share the esic calculation,pf calculation and bonus calculation with act. Thanks and Regards Rajesh Paswan
From India
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From India
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Dear hr community please find bonus form d in excel format
From India, Morena
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From India, Morena
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Dear Sir,
HR COM
I'm going to prepare the full and final sheet for employees with bonus amount. Please kindly suggest to me the bonus calculation process.
For example, if they worked and attended for 4 months, the number of days is 52, and the basic salary is calculated as follows:
- Basic 6500/25=240*52 days*8.33%
OR
- Basic 6500/30=217*52 days*8.33%
So, we divide by 30 days or 25 days in a month for the basic salary.
Suresh
From India, Birmal
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HR COM
I'm going to prepare the full and final sheet for employees with bonus amount. Please kindly suggest to me the bonus calculation process.
For example, if they worked and attended for 4 months, the number of days is 52, and the basic salary is calculated as follows:
- Basic 6500/25=240*52 days*8.33%
OR
- Basic 6500/30=217*52 days*8.33%
So, we divide by 30 days or 25 days in a month for the basic salary.
Suresh
From India, Birmal
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(Fact Checked)-The eligibility for bonus is based on the Payment of Bonus Act, 1965. As per the Act, an employee earning a salary of up to Rs. 21,000 per month is eligible for bonus. This means an employee with a salary of Rs. 11,000 per month would be eligible for bonus. (1 Acknowledge point)