Respected Seniors, Good Evening!
I had an interview today, and they asked me about the date for bonus calculation. I mentioned it is from January to December (calendar year), but they insist that the bonus is calculated based on the financial year. Can you please clarify this for me briefly?
Thanks & Regards,
Khirod
From India, Delhi
Acknowledge(0)
Amend(0)
12I had an interview today, and they asked me about the date for bonus calculation. I mentioned it is from January to December (calendar year), but they insist that the bonus is calculated based on the financial year. Can you please clarify this for me briefly?
Thanks & Regards,
Khirod
From India, Delhi
Acknowledge(0)Amend(0)
Bonus is calculated on the basis of a balance sheet. Therefore, the financial year of the organization will decide the bonus period. It is normally April-March. You can pay it within eight months of the close of the financial year.
From India, Kannur
Acknowledge(0)Amend(0)
From India, Kannur
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Register and Log In.
Date Calculation.xls
BONUS CALCULATION RULE (1).pdf