Bonus Calculation Excel Sheet 2023 2024
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Hi, all West Bengal Government employees are cheerful to hear that the Chief Minister and the Finance Minister of West Bengal Government have declared a bonus and festival advance for the employees at 8.33% on August 17, 2011\. Recently, the Finance Department o...
Dear Sir,Please provide the revised Bonus Act amendment 2017 or 2018 gazette notification.Please help!!!!Thank you
Hi all, I need an Excel calculation sheet for the Bonus Act for the financial year 2016-17\. Please help!
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Dear Amit Aishwarys,Your statement that Statutory Bonus limited to Rs7,000/- is not correct. Please read the act once again.Bonus at the rate of 8.33% for wages up to Rs7,000/- will be Rs7,000\. Bonus at the rate of 8.33% for wages up to Rs10,000 will be Rs10,00...
Dear Mr. Mishra,It would be really helpful if you could share the exact clause in the act where it is mentioned that an employee is eligible for bonus payment when his basic + dearness allowance is less than 21,000\. I have understood the bonus act in a differen...
1[10\. Payment of minimum bonus.—Subject to the other provisions of this Act,every employer shall be bound to pay to every employee in respect of theaccounting year commencing on any day in the year 1979 and in respect ofevery subsequent accounting year, a minim...
Please find the bonus computation template for the year 2016-17.Regards,Amit
If 8.33% of eligible salary exceeds Rs. 7,000 per year, then the statutory bonus is limited to Rs. 7,000 or Rs. 583 per month.Please review the bonus applicability.
Dear All,If you read the Bonus Act (Amended), there is a very clear rule:Eligibility if Basic <= 21,000/-The maximum limit of the bonus is Rs. 7,000/- or minimum wages, whichever is more.Suppose the Basic + DA is Rs. 6,000/- per month, then the bonus will be Rs....