Dear All,
Please provide me with clarification on Bonus Calculation. Should it be calculated based on the actual number of working days or should it include CL, EL, SL as well?
Kindly give a brief description on this, please.
With Regards,
A. Madhu Babu
From India, Visakhapatnam
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2Please provide me with clarification on Bonus Calculation. Should it be calculated based on the actual number of working days or should it include CL, EL, SL as well?
Kindly give a brief description on this, please.
With Regards,
A. Madhu Babu
From India, Visakhapatnam
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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
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From India, Pune
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The paid basic & DA will have to be considered for calculating statutory bonus. That means leave is included.
From India, Mumbai
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From India, Mumbai
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As you are aware, the revised bonus basic (basic & DA) is Rs. 21,000/- and the revised minimum bonus has been increased from Rs. 3,500/- to Rs. 7,000/-. The calculation has to be done based on the number of days the employee is present. If an employee experiences a loss of pay in any month, the bonus basic will be reduced accordingly.
Example:
Basic & DA in a particular month = Rs. 21,000/-
Bonus Basic for the month is Rs. 7,000/-
If an employee has 5 days of loss of pay in a particular month with a calendar day of 30, then the bonus basic would be = 7,000/30 * 25 = Rs. 6,250/-. Otherwise, their bonus basic would remain at Rs. 7,000/-.
From India, Madras
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Example:
Basic & DA in a particular month = Rs. 21,000/-
Bonus Basic for the month is Rs. 7,000/-
If an employee has 5 days of loss of pay in a particular month with a calendar day of 30, then the bonus basic would be = 7,000/30 * 25 = Rs. 6,250/-. Otherwise, their bonus basic would remain at Rs. 7,000/-.
From India, Madras
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Dear Madhu Babu,
The leave you've mentioned is 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 a 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
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The leave you've mentioned is 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 a 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
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Dear Sir/Madam,
Please provide me with clarification on Bonus Calculation. Should it be calculated based on the actual number of working days or should it include CL? Kindly give a brief description of this, please.
With Regards,
Nabeel
From India, Arni
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Please provide me with clarification on Bonus Calculation. Should it be calculated based on the actual number of working days or should it include CL? Kindly give a brief description of this, please.
With Regards,
Nabeel
From India, Arni
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