Respected Seniors, Good Evening !!
I have given an interview at a place today they asked me what is the date of bonus calculation I said from January to December (calendar year) but they are saying that bonus is calculated for financial year please clear me in short form.
Thanks & Regards
Khirod
From India, Delhi
10I have given an interview at a place today they asked me what is the date of bonus calculation I said from January to December (calendar year) but they are saying that bonus is calculated for financial year please clear me in short form.
Thanks & Regards
Khirod
From India, Delhi
Bonus is calculated on the basis of a balance sheet. Therefore, the financial year of the organisation 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
From India, Kannur
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Date Calculation.xls
BONUS CALCULATION RULE (1).pdf