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  1. Sep 19, 2023 · If your salary is equal to or less than ₹7,000 per month, calculate the bonus using the below formula: Bonus = 7000 * 8.33 / 100 If your salary is greater than ₹7,000 per month, calculate the bonus using the below formula: Bonus = Minimum wages (Depends upon state and skill category of employee) * 8.33 / 100 Note that the bonus percentage ...

  2. Statutory Bonus Calculator as per Bonus Act. Online recalcule bonus amount based on minimum wage, payable days and revised basic salary

  3. Jun 27, 2024 · If salary is equal to or less than Rs. 7,000, then the bonus will be calculated on the actual amount by using the formula: Bonus= Salary x 8.33 / 100 If salary is more than Rs. 7,000, then the bonus will be calculated on Rs. 7,000 by using the formula: Bonus= 7,000 x 8.33 /100

  4. Jul 17, 2023 · Curious about how to calculate bonuses on your salary? Discover a concise guide on employee bonus calculations and learn the formula with Fibe.

  5. Statutory Bonus Calculator as per Bonus Act. Online recalcule bonus amount based on minimum wage, payable days and revised basic salary

  6. Jun 27, 2024 · If Salary is equal to or less than Rs. 7000/- then the bonus is calculated on the actual amount by using the formula: Bonus = Salary x 8.33/100 If Salary is more than Rs. 7,000/- then the bonus is calculated on Rs. 7,000/- by using the formula: Bonus = 7,000 x 8.33/100

  7. Mar 14, 2024 · In this post, we will be discussing the payment of bonus act applicability. We will also discuss the calculation of bonus for the employees.

  8. The formula to calculate a statutory bonus is. Statutory bonus = Salary * Percentage of bonus wage. For example, let's say an employee draws ₹15,000 per month and the basic pay is ₹7500. The minimum wage in the employee's state is ₹6000.

  9. PayHR Bonus calculator helps HR's and Payroll Accountant's to calculate how much bonus amount to pay to there employees based on their Salary (Basic + DA) PayHR's online Statutory Bonus calculator : Click Here. What is The Payment of Bonus Act?

  10. Efficiency and Time Savings: Employers can streamline bonus calculations and save time by using the calculator, allowing them to focus on other critical business operations. Example of Bonus Calculation: Consider an employee with a basic salary of ₹30,000 and a performance rating of 90% in a company that achieved a profit of ₹10,00,000.

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