Bonus act
This query is : Open
Rohit Kabra
(Querist)
08 April 2014
Monthly wage of a person is Rs. 5000 & he is entitled for bonus. During a particular month he is present only for 20 days so he receives 5000*20/26=3846. on what amount bonus will be paid
1. 3500 (since 3846 is more than 3500)
2. 3500*20/26=2692
Please reply soon
1. 3500 (since 3846 is more than 3500)
2. 3500*20/26=2692
Please reply soon
Rupesh Jain
(Expert)
08 April 2014
you have pay bonus salary up to Rs. 10000/-
Rs. 3500 to salary of Rs. 10000/- or @ 8.33% of salary earn
your case salalry earn Rs. 3846 hence bonuse Rs. 3846*8.33%=320
Rs. 3500 to salary of Rs. 10000/- or @ 8.33% of salary earn
your case salalry earn Rs. 3846 hence bonuse Rs. 3846*8.33%=320
Rohit Kabra
(Querist)
08 April 2014
Bonus cannot be calculated on amount exceeding 3500. What i am asking is whether we have to recalculate the bonusable wage if a person is not present on all working days by taking salary as 3500?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Additional trade name
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
