payment of Bonus to employees
This query is : Resolved
08 October 2010
Dear sirs,
Following are some Queries related to Bonus Calculation and payments:-
1.what is the minimum and Maximum ceiling limit of salry for Bonus purpose for Calculating Bonus FY 2009-10 to be paid in 2010-11?
2. if any employee getting 20000 PM salary then he is eligible to get Bonus,then how much maximum Bonus to be paid to him please calculate.
Regards
Harpreet
Following are some Queries related to Bonus Calculation and payments:-
1.what is the minimum and Maximum ceiling limit of salry for Bonus purpose for Calculating Bonus FY 2009-10 to be paid in 2010-11?
2. if any employee getting 20000 PM salary then he is eligible to get Bonus,then how much maximum Bonus to be paid to him please calculate.
Regards
Harpreet
08 October 2010
1. Eligibility limit : Rs. 10000/- per month.
Calculation : 20 % of Rs. 3500/- per month.
2. For above Rs. 10000/- salary, Bonus is not mandatory.
Calculation : 20 % of Rs. 3500/- per month.
2. For above Rs. 10000/- salary, Bonus is not mandatory.
Message likes :
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12 October 2010
first of all thanks for solving my query
what will be the effect as per income Tax law if any employer is paying bonus to his employees having limit above than 10000 pm
paying to employees bonus more than the limit of 10000 will be allowed as bonus exp. or not in accounts books
what will be the effect as per income Tax law if any employer is paying bonus to his employees having limit above than 10000 pm
paying to employees bonus more than the limit of 10000 will be allowed as bonus exp. or not in accounts books
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