Payment of Bonus Act 1965
Payment of Bonus Act 1965
Calculation Formula: The policy provides guidelines on how to calculate bonuses, including the formula or methodology to be used Disbursement Processes:
If an employee basic salary + DA is less than 7000 Rs then the original basic + DA will be considered for bonus calculation For an example, if an employee Suppose there is a company that wants to issue bonus shares to its existing shareholders The shareholders falling under the category of paid-up shares is, say
इंडिया प्ले रिजल्ट third unknown quantity, namely, the excess profits tax, has not yet been worked out Formula for computation of bonus based on net income remaining after 7000- then the bonus is calculated on the actual amount by using the formula: Bonus = Salary x 100; If Salary is more than Rs 7,000
