Yearly Bonus Calculation - Payment of Bonus Act 1965

Computation of Profits & Bonus under Payment of Bonus Act, 1965 bonus formula Percentage of Achievement: The bonus amount is often determined as a percentage of the base salary, based on the level of achievement of these bonus news bonus In 1950, the Full Bench of the Labour Appellate Tribunal evolved a formula for determination of bonus A plea was made to raise that formula in 1959

bonus share list 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