Bonus Sheet Of Employee
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Hi all, I need an Excel calculation sheet for the Bonus Act for the financial year 2016-17\. Please help!
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...
Dear Ubaid Raheman ji,Can you please clarify what is the percentage of bonus paid on a monthly basis to contract employees? What is the practice followed for regular employees - percentage of bonus paid, paid monthly? Are you preparing Bonus A&B Register? The pe...
Dear Mr. Keshav,About your post:1\. I have already justified my answer after giving appropriate section references and asked one small question: is there any provision under the Payment of Bonus Act which restricts monthly payments? Please understand my qualific...
Dear Ubaid Raheman ji,Kindly answer the following questions yourself and decide what is right & what is wrong.1\. What was the object of the Act - PoB Act though it is not included in the Act?2\. What was the reason to keep the due date for payment of bonus with...
How can one pay a bonus monthly along with the monthly salary?The bonus is payable as per the Payment of Bonus Act. It is payable for the financial year within 8 months of the end of the financial year, depending upon the profit/allocable surplus after adjusting...
Dear colleagues,I have seen and experienced that many small organizations/manpower service industries/security agencies have adopted this method; the only condition is they cannot use the bonus amount to match the minimum wage, and the ESIC shall not be deducted...
Dear Devendra,Please let us know the rationale of payment of Bonus on a Monthly Basis. You have not mentioned the percentage of Bonus Paid Monthly.Thank you.
To create a Productivity Linked Bonus sheet in Excel, follow these steps:1\. **Open Excel**: Launch Microsoft Excel on your computer.2\. **Create Headers**: In the first row, enter headers for the necessary columns such as Employee Name, Employee ID, Department,...
Could someone please provide a Productivity Linked Bonus sheet in an Excel format?