HONEY (HR MANAGER) 14 March 2008

bonus

ALL CAN ANY ONE GIVE ME AN IDEA HOW THE BONUS IS BE CALCULATED YEARLY.

Reply Follow

5 Replies

HONEY (HR MANAGER) 15 March 2008

PLEASE CAN ANY ONE REPLY ME

Joydeep (office manager) 17 March 2008

it is ( Basic + Da ) x 12 divided by % of bonus dec by co.

shrini2007 (n/a) 17 March 2008

Calculate the Basic+DA paid during Apr- March of a financial year. If Basic+DA is more than Rs.3500/- then it should be restricted to Rs.3500/-. Assuming the maximum limit and no LOP, Rs.3500x12=42000. The minimum Bonus is Rs.3500 and maximum @ 20% is Rs.8400/- Those who are drawing more than Rs.10000/-(Basic+DA) are not covered by the Act.