Dear All,
Please give me a clarification for Bonus Calculation, it should be calculated on actual no. of working days or including CL, EL, Sl.
Kindly give a brief description on this please.
With Regards,
A.Madhu Babu
From India, Visakhapatnam
2Please give me a clarification for Bonus Calculation, it should be calculated on actual no. of working days or including CL, EL, Sl.
Kindly give a brief description on this please.
With Regards,
A.Madhu Babu
From India, Visakhapatnam
Only LOSS of pay days should be deducted per month for Calculation of Bonus. Rest every day need to be considered for the calculation of bonus.
From India, Pune
From India, Pune
The paid basic & DA will have to be considered for calculating statutory bonus. That means leave is included.
From India, Mumbai
From India, Mumbai
As you are aware the revised bonus basic ( basic & DA) is Rs.21000/- and the revised minimum bonus has been increased from Rs.3500/- to 7000/-.
The calculation has to be done on the number of days the employee present. In case an employee has loss of pay in any month, the bonus basic will get reduced accordingly.
Example:
Basic & DA in a particular month = Rs.21000/-
Bonus Basic for the month is Rs.7000/-
In case employee has 5 days loss of pay in a particular month in which calender day is 30. Then bonus basic would be =7000/30*25=6250/-.
Otherwise, his bonus basic would be Rs.7000/-.
From India, Madras
The calculation has to be done on the number of days the employee present. In case an employee has loss of pay in any month, the bonus basic will get reduced accordingly.
Example:
Basic & DA in a particular month = Rs.21000/-
Bonus Basic for the month is Rs.7000/-
In case employee has 5 days loss of pay in a particular month in which calender day is 30. Then bonus basic would be =7000/30*25=6250/-.
Otherwise, his bonus basic would be Rs.7000/-.
From India, Madras
Dear Madhu Babu,
The leave you've mentioned are paid leave only and as such they have to be construed as days of duty only. Here we should not confuse ourselves with the condition of 30 working days in an accounting year to be eligible for bonus. That apart , the leave salary received automatically forms part of the salary/wages earned during the accounting year for the purpose of statutory bonus.
From India, Salem
The leave you've mentioned are paid leave only and as such they have to be construed as days of duty only. Here we should not confuse ourselves with the condition of 30 working days in an accounting year to be eligible for bonus. That apart , the leave salary received automatically forms part of the salary/wages earned during the accounting year for the purpose of statutory bonus.
From India, Salem
Dear sir/Madam
Please give me a clarification for Bonus Calculation, it should be calculated on actual no. of working days or including CL,
Kindly give a brief description on this please.
With Regards,
Nabeel
From India, Arni
Please give me a clarification for Bonus Calculation, it should be calculated on actual no. of working days or including CL,
Kindly give a brief description on this please.
With Regards,
Nabeel
From India, Arni
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf