Hi all,
I am facing a problem in calculating the bonus. I want to know about the employees who are eligible for receiving the bonus. What is the maximum and minimum value of Basic + DA? Kindly help me in this regard with an example if possible.
Thanks & Regards,
Shweta
From India, Pune
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I am facing a problem in calculating the bonus. I want to know about the employees who are eligible for receiving the bonus. What is the maximum and minimum value of Basic + DA? Kindly help me in this regard with an example if possible.
Thanks & Regards,
Shweta
From India, Pune
Acknowledge(0)Amend(0)
Hi all,
I am facing a problem in calculating the bonus. I want to know about the employees who are eligible for receiving the bonus. What is the maximum and minimum value of Basic + DA? Kindly help me in this regard with an example if possible.
Thanks & Regards,
Shweta
From India, Pune
Acknowledge(0)Amend(0)
I am facing a problem in calculating the bonus. I want to know about the employees who are eligible for receiving the bonus. What is the maximum and minimum value of Basic + DA? Kindly help me in this regard with an example if possible.
Thanks & Regards,
Shweta
From India, Pune
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Dear, Pls confirm in which state you are working,and like to calculate the bonus. with regards
From India, Jhajjar
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6From India, Jhajjar
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Hi Shweta,
For bonus calculation, an employee has to work a minimum of 30 days in a year, and an employee who draws a salary up to Rs. 10,000 is eligible for a bonus. The maximum bonus is 20%, and the minimum bonus is 8.33%. The calculation base is Rs. 3500.
Equation: (Basic + DA) * 20% = Rs. 700
If an employee's Basic + DA is Rs. 7500, but the computation base will be Rs. 3500.
Thanks & Regards,
Rahul Vaidya
From India, Pune
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For bonus calculation, an employee has to work a minimum of 30 days in a year, and an employee who draws a salary up to Rs. 10,000 is eligible for a bonus. The maximum bonus is 20%, and the minimum bonus is 8.33%. The calculation base is Rs. 3500.
Equation: (Basic + DA) * 20% = Rs. 700
If an employee's Basic + DA is Rs. 7500, but the computation base will be Rs. 3500.
Thanks & Regards,
Rahul Vaidya
From India, Pune
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above calculation is correct, and employees getting upto 10,000/- per month are liable to be paid bonus compulsary Regards,
From India, Delhi
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From India, Delhi
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Dear,
Bonus will be calculated on (Basic + DA) and up to 3500. In any year, 30 days are required for eligibility. Suppose the company is going under a loss; then, after completing five years, it is the statutory liability of the company to give the bonus to its employees. The minimum will be 8.33%, and the maximum will be 20%.
From India, Jhajjar
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Bonus will be calculated on (Basic + DA) and up to 3500. In any year, 30 days are required for eligibility. Suppose the company is going under a loss; then, after completing five years, it is the statutory liability of the company to give the bonus to its employees. The minimum will be 8.33%, and the maximum will be 20%.
From India, Jhajjar
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Dear,
Bonus will be calculated on (Basic + DA) and up to 3500. In any year, 30 days are required for eligibility. Suppose the company is going under a loss, then after completing five years, it is the statutory liability of the company to give the bonus to their employees. The minimum will be 8.33% and the maximum 20%.
From India, Jhajjar
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Bonus will be calculated on (Basic + DA) and up to 3500. In any year, 30 days are required for eligibility. Suppose the company is going under a loss, then after completing five years, it is the statutory liability of the company to give the bonus to their employees. The minimum will be 8.33% and the maximum 20%.
From India, Jhajjar
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dear, minimum bonus is 8.33% n maximum is 20% consider only 3500/ (Basic+DA) sealing limits In any year 30 days require for eligible. total Basic+DA*20% = bonus will come with regards Nagaraj.M.L
From India, Bangalore
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From India, Bangalore
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