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19 Σεπ 2023 · If your salary is equal to or less than ₹7,000 per month, calculate the bonus using the below formula: Bonus = 7000 * 8.33 / 100 If your salary is greater than ₹7,000 per month, calculate the bonus using the below formula: Bonus = Minimum wages (Depends upon state and skill category of employee) * 8.33 / 100 Note that the bonus percentage ...
Examples of Calculation of Bonus. Case 1. If the Basic salary of the employee is less than or equal to Rs 7,000. Saahil is working as an engineer in a Company in Bangalore. His basic salary is Rs. 6,500 per month. Formula: Basic Salary*8.33% = Bonus per month. 6500*8.33% = 541.45 (6497.4 per annum) Case 2.
Statutory Bonus Calculator as per Bonus Act. Online recalcule bonus amount based on minimum wage, payable days and revised basic salary
27 Ιουν 2024 · The bonus will be calculated as follows: If salary is equal to or less than Rs. 7,000, then the bonus will be calculated on the actual amount by using the formula: Bonus= Salary x 8.33 / 100. If salary is more than Rs. 7,000, then the bonus will be calculated on Rs. 7,000 by using the formula: Bonus= 7,000 x 8.33 /100.
Bonus Calculation Formula In India = (Basic Salary + DA) x Number Of Months Worked x 8.33% = 7000 x 12 x 8.33% = 6997 Rs. Bonus Calculation Excel sheet: Bonus calculation excel sheet will be like in below image. ↓ Download Bonus Calculation Excel Sheet.
Use the formula: Bonus = (Salary) x 8.33%. Scenario 2: Salary above Rs. 7,000 (or state minimum wage) The bonus is calculated on a maximum of Rs. 7,000 (or the state minimum wage, whichever is higher).
5 Ιουν 2023 · If the salary of an employee is less than or equal to Rs. 7000, the bonus calculation is calculated using the formula: Bonus = Salary x 8.33/100. If the salary of an employee is more than Rs. 7000, the bonus calculation is based on Rs. 7000 using the formula: Bonus = Rs. 7,000 x 8.33/100.
