How bonus will be calculated if the salary of the employee exceeds Rs.10000/- and profit is also there in company. Kindly suggest the basis which can be taken for arriving at the bonus/profit linked incentive payble to an employee.
regards,
Ashutosh
From India, Gurgaon
1regards,
Ashutosh
From India, Gurgaon
Dear Member
Greetings.
When there is a profit also, there is no need to issue bonus for employees who draw salary more than 10K. But by the discretion of the management, the management disburse the bonus as ex-gratia.
Cheers
Trisha
HR Professional
From India, New Delhi
Greetings.
When there is a profit also, there is no need to issue bonus for employees who draw salary more than 10K. But by the discretion of the management, the management disburse the bonus as ex-gratia.
Cheers
Trisha
HR Professional
From India, New Delhi
Hi, there is no calculation to provide bonus. that things, company can decide how much bonus will be provide. rgds hari
Dear All Ashutosh reference was on the calculation part applying the ceiling which Trisha has answered well. VS Rajan Associates Chennai
From India, Bangalore
From India, Bangalore
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SALARY SHEET CALCULATION.xls
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