If a person is getting 29000 pm and has worked 6 months in a calendar year. What is minimum Bonus he is entitled to?
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Amount of minimum bonus
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Bonus is payable to a person only when his salary is less than 10,000.. Afterwards even if his salary exceeds 10,000 then bonus payable is calculated as if salary was 10,000..
So if salary was less than 10,000 at time of joining the organisation then minimum bonus will be 8.33% of salary less than 10,000.. If salary is more than 10,000 he is not entitled to bonus..
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