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Discussion > Accounts > A/c entries >

Bonus Calculation

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[ Scorecard : 48]
Posted On 08 June 2010 at 19:58 Report Abuse

Hi, I need help with the following:

From Bonus Act, it can well derived that if an employee getting basic salary of Rs 9000 PM than in that case Rs. 3500 PM should be taken into account for calculation of Bonus. So the calculation of Bonus for an employee who has worked for the entire accounting year will be: Rs.3500 * 12 = 42000*8.33% = Rs. 3,500/- per annum.

If an employee has worked for 5 months in the last financial year, will the bonus calculation be Rs. 3500 *5= 17500*8.33% = Rs. 1458/- or it should be Rs.3500/- as minimum bonus per year.

Total thanks : 1 times

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Kalpesh Chauhan,
Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)

[ Scorecard : 8225]
Posted On 08 June 2010 at 22:10

Rs.1458 as per Section 10 of  Payment Bonus Act, 1965

And further other provison of the act requiires that if a worker has not worked the whole year than minimum bonus would be calculated as for the period for which the employee has worked provided the employee has worked for minimum days as required to be eligible for bonus.

I hope your query has been solved.

With regards,


shrikant kalyani
CA-Final Student

[ Scorecard : 60]
Posted On 08 June 2010 at 22:17

According to sec.10 subject to the other provision of the act, every employer shall be bound to pay to every employee in respect of every accounting year, minimum bonous which shall be 8.33% of the salary or wage earned by the Employee during the accounting year or rs. 100, whichever is higher, whether or not the employer has any allocable surplus in the accounting year..

Kalpesh Chauhan,
Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)

[ Scorecard : 8225]
Posted On 09 June 2010 at 16:42

Hi Shrikant as bonus calculated for 5 months is greater than 100 so question of it and also as it is shown in above calculation 8.33 is taken as a percentile by Mr.Gyan

So both issues are included.


[ Scorecard : 30]
Posted On 23 September 2010 at 11:36

dear sir,


i want to know eligibility of employee for salary bonus for current year.  is their any criteria for not paying of bonus.

Accounts head

[ Scorecard : 135]
Posted On 23 September 2010 at 20:38


what percentage of basic salary is to be taken for calculation of bonus to employee.

can a co. or firm deny bonus on any grounds

what is the maximum salary slab for an employee to claim bonus

kindly reply...


[ Scorecard : 165]
Posted On 12 November 2010 at 09:57

Any employee who earns below Rs 10000/-  (bonus act amended in Feb 2007) is eligible for bonus.

As for the calculation part. Actual salary if below Rs 3500 or Rs 3500 if salary above Rs 3500 but below Rs 10000. 

Minimum bonus 8.33% & Maximum bonus 20% 

Employees earning above Rs 10000 Legally not entitled to bonus


[ Scorecard : 29]
Posted On 16 January 2012 at 17:14

pls explain the fourth deduction column of 'other sums under schedule 3' which is deducted from calculated gross profit

deepak rathore

[ Scorecard : 281]
Posted On 29 May 2012 at 16:42

suppose a employee earn 3500 in a month..
during a month he have taken excess leave..
eventually his salary is deducted to 3200..
now on which amt.
bonus is calculated..
plz reply



[ Scorecard : 21]
Posted On 05 July 2012 at 13:46

bonus calculation


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