Bonus Calculation Formula

How to calculate Bonus as per Payment of Bonus Act: explained by Deepak Kapoor

How to calculate bonus? 🧾 1. Legal Basis – Payment of Bonus Act, 1965 Employee must have worked at least 30 days in that year. Eligibility Limit (whether an employee is eligible to receive a statutory bonus) The Payment of Bonus Act, 1965 applies to eligible employees earning wages of ₹21,000 or less per month (Basic + Dearness Allowance ...

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