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In India, there are two types of Bonus. Production Bonus is calculated on the basis of the production achieved by a worker beyond norm in a particular day, and the yield is multiplied with the rate as agreed upon between workers' union and management. The other bonus viz., Annual and/or Puja Bonus is calculated with the total drawn amount of the employee in preceding l2 months divided by the percentage of bonus to be declared by the management.
Jaylin Konopelski
Wiki User
∙ 11y agoIn India, there are two types of Bonus. Production Bonus is calculated on the basis of the production achieved by a worker beyond norm in a particular day, and the yield is multiplied with the rate as agreed upon between workers' union and management. The other bonus viz., Annual and/or Puja Bonus is calculated with the total drawn amount of the employee in preceding l2 months divided by the percentage of bonus to be declared by the management.
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Bonus is calculated on gross salary or basic?
BASIC
Minimum bonus to be paid as per bonus act India?
20% of basic wags
Tds applicable on accrued bonus as per incopmetax law India?
is bonus attracts tds
What is bonus stripping?
A way to avoid paying taxes on stock market gains in India.
ACCRUAL CASH IS WHAT?
Cash accrual as calculated in most of the banks in India is PAT+ Depreciation
Will insurers consider your no claims bonus from India when looking for car insurance in UK?
Type your answer here... yes
Who is the first youngest boxer of India to win world 's championship's medal bonus?
zoram thanga
What is formula for calculation of lic new jeevan dhara plan no 145 surrender value?
That is calculated on the basis of bonus declared by LIC
Annual bonus rates of Max New York life Insurance company from starting days in India till date?
Max life insurance offers child and adult life insurance in India. The bonus rates vary depending on the amount of the policy, and can also change from year to year.
How much does a teacher get in a bonus?
Bonus?! What bonus?
What words goes with bonus?
Holiday bonus. Bonus tracks. Bonus features.
How much does a retail district manager earn?
A Walgreen's district manager can make anywhere from $150,000 -$200,000 depending on the district they are managing. The salary is calculated on a base plus bonus for performance and improvement.
