My monthly basic salary is Rs. 11,950/ pm. I am working here since last 5 years. Please tell, what is the annual bonus amount.
From India, New Delhi
From India, New Delhi
Dear,
As per legal calculation it would be minimum 8.33% which is rs. 3500/- & maximum 20% which is rs. 8400/-. if you have all payable days in particular financial year. then you are eligible for mentioned amount.
Thanks
Sandeep Sharma
From United Arab Emirates, Dubai
42As per legal calculation it would be minimum 8.33% which is rs. 3500/- & maximum 20% which is rs. 8400/-. if you have all payable days in particular financial year. then you are eligible for mentioned amount.
Thanks
Sandeep Sharma
From United Arab Emirates, Dubai
Since your Salary is above ₹10,000 per month, you are not eligible for bonus under the payment of bonus act.
From India, Mumbai
From India, Mumbai
Mr Sandeep He is not eligible for statutory bonus as per Payment of Bonus Act.Please read sec 2(13)( ,definition of employee,) of the Act.
From India, Thiruvananthapuram
From India, Thiruvananthapuram
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Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf