Bonus act
This query is : Open
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
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
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
- CAPITAL GAIN BASE ON NOTIFICATION
- NRI starting business in India
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Capital gain on sale and purchase of plot
- FORM 141 SDV query
- Invertaded duty struture
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
