How annual bonus is calculated ?? For DOP
How annual bonus is calculated ?? For DOP
let's calculate bonus for this year for regular employee.
Bonus to be paid for 60 days
Ceiling limit Rs.7000 /- per month
Here bonus is to be paid for 60 days not for two months.
Hence let's calculate average days in months
365 / 12 = 30.4 days in each month.
Here Rs.7000/- is ceiling limit for a month. Hence we can calculate as bellow
30.4 days bonus. Rs.7000
Then 60 days bonus. ??
= 7000 × 60 / 30.4
= 13816
Hope this will he useful to all of you for bonus calculation of any number of days..