Bonus Amount
This query is : Resolved
28 December 2010
Dear Experts,
What should be the amount of bonus to be paid to an employee if his salary is increased from Diwali to Diwali?
Example : If a persons salary was Rs.5000/- in Nov 2009 & it was increased to Rs.12000/- from June 2010.
Thanks
What should be the amount of bonus to be paid to an employee if his salary is increased from Diwali to Diwali?
Example : If a persons salary was Rs.5000/- in Nov 2009 & it was increased to Rs.12000/- from June 2010.
Thanks
28 December 2010
If the bonus is based on earned salary (which is normally the case) then, he should paid as a % of that.
If the bonus is based on last salary drawn (some people do it, but rarely and mostly in their case salary is increased along with bonus payment which means it is not an issue) then he should be paid as a % of last salary.
If the bonus is based on last salary drawn (some people do it, but rarely and mostly in their case salary is increased along with bonus payment which means it is not an issue) then he should be paid as a % of last salary.
Message likes :
1 times
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
