Bonus act

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Rohit Kabra (Querist)
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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

Rupesh Jain

Rupesh Jain (Expert)
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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

Rohit Kabra

Rohit Kabra (Querist)
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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?

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