Bonous Formula

Hi Madhura,Yes, A, B & C registers are available. However, all HR - Deptt. records are maintained in the C register. A & B registers are also utilized for Accounts & Finance purposes.Thank you,ChanderHR - Exec.@madhuraparab:> Thank you, Mr. Khola, for your reply...

Hello Friends,Q.1 Can anybody guide me on what registers we need to maintain for Bonus? How should we maintain them?Q.2 If any staff member leaves before we calculate the bonus for that financial year, how do we pay his bonus at the time of his Full and Final se...

Hello,I was wondering when I went through this post, I am working with one of the MNCs where we have outsourced our CA/Accounting work. As I joined recently in this company, I don't have an idea whether they are maintaining the register or not. This is an IT com...

Dear Madhura,I am attaching some bonus payout documentation for your reference. I too had a similar query and came across this file on the internet. I hope this helps you.Registers to be maintained:a) A register showing the computation of the allocable surplus r...

To calculate the bonus and gratuity (while calculating the same basic + HRA + DA + PA), what should be taken into consideration? Please help me understand what the limit is to qualify for the bonus.Thank you.

A & B registers are to be maintained by Finance/Accounts Departments in our company. Form C is maintained by the HR department.

Hi,Please find attached the Payment of Bonus Act and rules. I think it will help you.