Bonus calculation

This query is : Resolved

venkata akarsh.grandhi (Querist)
Follow

30 August 2013 Hi to all,

can any one tell main provisions related to calculation of bonus and exgratia.

like.

3,500 pm is minimum salary n of 8.33% as minimum n max up to 20%.

when exgratia has to be calculated?

@VaibhavJ

@VaibhavJ (Expert)
Follow

30 August 2013 HI

YOU CALCULATE BONUS MONTHLY BASIS , 8.33% IF BASIC+DA LESS THAN RS.3500 IN CASE GREATER THAN Rs.3500 THEN CALCULATE RS.292 PER MONTH.

THANKS

venkata akarsh.grandhi

venkata akarsh.grandhi (Querist)
Follow

30 August 2013 OK

IS THERE ANY PROVISION THAT IF BASIC+DA EXCEEDS 10000 PM,EMPLOYEE IS NOT ELIGIBLE FOR BONUS.

WHEN AND WHERE EXGRATIA WILL ARISE?

@VaibhavJ

@VaibhavJ (Expert)
Follow

30 August 2013 Yes,

Pl refere: http://www.citehr.com/131327-faq-payment-bonus-act-basic-salary.html

Thanks

venkata akarsh.grandhi

venkata akarsh.grandhi (Querist)
Follow

02 September 2013
hi vaibhav bhai,

from Q6) Salary means.... Basic r Gross

venkata akarsh.grandhi

venkata akarsh.grandhi (Querist)
Follow

02 September 2013 hi to all..

wat is meant by exgratia?

@VaibhavJ

@VaibhavJ (Expert)
Follow

02 September 2013 Hey

Salary here refers to Basic Salary.

Thanks

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

kopparapu bheemarao

Rajesh Surapaneni

sweta sharma

T Ramachandran

Pratap Kumar De

Subscribe Now

Bonus calculation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

CA Final

GST CONSULTANCY

Accountant

GST CONSULTANT