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..
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