Dear All,
can any one suggest me bonus calculation with examples in case of employee's basic salary below 10000 and above 10000.
1. If employee A getting 7000 basic + DA nil per month, what would be his bonus calculation under new bonus amendment act.
2. If employee B getting 15000 basic + DA nil per month, what would be his bonus calculation under new bonus amendment act.
3. The world three thousand five hundred sbstituting with ten thousand, explain this in detail with easy example.
4. The world two thousand five hundred sbstituting with three thousand five hundred, explain this in detail with easy example.
Hope this group will help me.
It's very urgent.
Regards,
Chetan Prajapati
From India, Vadodara
2can any one suggest me bonus calculation with examples in case of employee's basic salary below 10000 and above 10000.
1. If employee A getting 7000 basic + DA nil per month, what would be his bonus calculation under new bonus amendment act.
2. If employee B getting 15000 basic + DA nil per month, what would be his bonus calculation under new bonus amendment act.
3. The world three thousand five hundred sbstituting with ten thousand, explain this in detail with easy example.
4. The world two thousand five hundred sbstituting with three thousand five hundred, explain this in detail with easy example.
Hope this group will help me.
It's very urgent.
Regards,
Chetan Prajapati
From India, Vadodara
HI Chetan, Even I have the same query. Please help me if you got the answer. Regards, Nidhi
From India, Mumbai
From India, Mumbai
dear
however MR VIJAY has explained correctly but i would lide to add little bit.
1.if an employee is getting Rs7000 as basic and DA nil
now as per new ceiling ,he is eligible to get bonus because limit is 10000 but calculation will be made on 3500 it means u have to calculate presuming that his basic is 3500 only .suppose u have declared bonus 10% .now start calculating his salary from apr to march.suppose in apr he was paid for 25 days his salary will be reduced proportionally for Bonus point of view by presuming 3500.
Rs3500*25/30=2966 .SO NOW U CAN UNDERSTAND THAT HE WAS GETTING BASIC 10000 in the month of apr but for bonus calculation his basic will be 2966 only in apr .
like this u will calculate till march next year and than add all basic than calculate 10%
of added basic .that will be bonus for this guy for this year.
rest other points already cleared by mr vijay.
tks
j s malik
From India, Delhi
however MR VIJAY has explained correctly but i would lide to add little bit.
1.if an employee is getting Rs7000 as basic and DA nil
now as per new ceiling ,he is eligible to get bonus because limit is 10000 but calculation will be made on 3500 it means u have to calculate presuming that his basic is 3500 only .suppose u have declared bonus 10% .now start calculating his salary from apr to march.suppose in apr he was paid for 25 days his salary will be reduced proportionally for Bonus point of view by presuming 3500.
Rs3500*25/30=2966 .SO NOW U CAN UNDERSTAND THAT HE WAS GETTING BASIC 10000 in the month of apr but for bonus calculation his basic will be 2966 only in apr .
like this u will calculate till march next year and than add all basic than calculate 10%
of added basic .that will be bonus for this guy for this year.
rest other points already cleared by mr vijay.
tks
j s malik
From India, Delhi
Hi,
In our company bonus is calculated on last March drawn salary,since we have no dearness allowance,bonus is calculated on total salary my question is now if a company runs under loss should management pay bonus
From India, Madras
In our company bonus is calculated on last March drawn salary,since we have no dearness allowance,bonus is calculated on total salary my question is now if a company runs under loss should management pay bonus
From India, Madras
dear uma
calcuating bonus on march drawn salary is worng because if someone is absent for four days in march his drawn salary will be reduced and ultimately he will be in loss.
if u are in loss than also minimum bonus to be paid and loss can not be calculated in one year u have to maintain A&B register of bonus to see set on/off.however minimum has to be paid.
regards
j s malik
From India, Delhi
calcuating bonus on march drawn salary is worng because if someone is absent for four days in march his drawn salary will be reduced and ultimately he will be in loss.
if u are in loss than also minimum bonus to be paid and loss can not be calculated in one year u have to maintain A&B register of bonus to see set on/off.however minimum has to be paid.
regards
j s malik
From India, Delhi
Dear,PLs suggest me , is it compolsory to mantain Bonus register i,e A,B,C for shop and establishment act. Company, Now we are pay it through voucher, is it sufficient or not.Thanks®ardBijoy kumar dasHR Executive Candico India Limited.
dear bijoy
it is mandatory to maintain A&B register of bonus otherwise how u will decide percentage of bonus to be paid .bonus should be paid on C register not on voucher.
it is applicable for factories as well as shop and est act.
tks
j s malik
From India, Delhi
it is mandatory to maintain A&B register of bonus otherwise how u will decide percentage of bonus to be paid .bonus should be paid on C register not on voucher.
it is applicable for factories as well as shop and est act.
tks
j s malik
From India, Delhi
If a employee has a Basic + DA of 10000.00 Rs then for Bonus calculation the amount will be 3500.00. Regards Abhijeet Sawant
From India, Ahmadabad
From India, Ahmadabad
Dear Malik,
I meat last drawn salary of March where the total Gross drawn in month of March they calculate bonus without any deductions they take gross into account andemployees who draw above 10000/- also paid bonus,is it neceassary for employees who draw above 10000/- we should pay bonus
From India, Madras
I meat last drawn salary of March where the total Gross drawn in month of March they calculate bonus without any deductions they take gross into account andemployees who draw above 10000/- also paid bonus,is it neceassary for employees who draw above 10000/- we should pay bonus
From India, Madras
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